First Nations Development Institute

Analysis

First Nations Development Institute is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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 June 2023, First Nations Development Institute reported income of $23.7m and spending of $21.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.6m to $23.7m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Nations Development Institute sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Hospice of Santa Cruz County ($23.7m), Saddle River Day School Inc ($23.7m) and Fielding Graduate University ($23.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $378k (1.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $73.8m against liabilities of $4.2m, net assets of $69.6m. It reported 45 employees.