First Day of School Foundation Inc

Analysis

First Day of School Foundation Inc is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, First Day of School Foundation Inc reported income of $159k and spending of $58k, leaving 64% of income unspent that year. Across the 3 years on record, from September 2019 to September 2023, income grew from $44k to $159k (+264%), an average of +91% a year. The sharpest change came in the year to September 2023, when income rose by 5308%. Over the whole period it spent 66% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, First Day of School Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Chinese Youth Camp ($159k), Daytona Beach Sports Club Inc ($159k) and Somerset Hills Ball Club Inc ($159k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.