First 72

Analysis

First 72 is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, First 72 reported income of $1.6m and spending of $1.6m, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.0m to $1.6m (+59%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First 72 sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within LA. Charities of a similar size with the same main cause include Centro de Apoyo Familiar Caf ($1.6m), Plaid House Inc ($1.6m) and First Place Food Pantry Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $243k (16% of expenses). Other salaries and wages came to $315k. It paid $65k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $222k, net assets of $1.2m. It reported 15 employees.