First Candle Inc

Analysis

First Candle Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in June 2024, 2 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 2023, First Candle Inc reported income of $898k and spending of $955k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $438k to $898k (+105%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, First Candle Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Friendship Outpatient & Wellnessservices Inc ($898k), Bina Farm Inc ($898k) and Neuro Developmental Treatment Association Inc ($898k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $355k. At year end it held assets of $88k against liabilities of $372k, net assets of -$284k. It reported 4 employees.