Employee First Fund

Analysis

Employee First Fund is a registered charity in United States, based in Coppell, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Employee First Fund reported income of $122k and spending of $182k, spending 149% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $309k to $122k (-61%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Employee First Fund sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Grant a Dream Foundation ($122k), Walker Area Community Foundation ($122k) and Webster Electric Foundation Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $89k against liabilities of $5,600, net assets of $83k.