First Place Az

Analysis

First Place Az is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Place Az reported income of $6.6m and spending of $5.1m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $6.6m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Place Az sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Bernal Heights Housing Corporation ($6.6m), Nectar Community Investments Inc ($6.6m) and Women Organizing Resources Knowledge and Services ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $511k (10% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $18.4m against liabilities of $5.6m, net assets of $12.8m. It reported 43 employees.