First Step Foundation

Analysis

First Step Foundation is a registered charity in United States, based in Deerfield BCH, FL. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, First Step Foundation reported income of $62k and spending of $55k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $108k to $62k (-43%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 33%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, First Step Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include The Network of Care ($62k), Starting Point Foundation Inc ($62k) and Heartbeat of Hoagland Inc ($62k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 105% of the total. At year end it held assets of $155k against liabilities of $6,081, net assets of $149k.