F I R S T

Analysis

F I R S T is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in May 2002, 24 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 September 2023, F I R S T reported income of $2.8m and spending of $2.9m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $2.8m (+93%), an average of +18% a year. The sharpest change came in the year to September 2020, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, F I R S T sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Open Doors Solutions Inc ($2.8m), Phyllis Wheatley Community Center Inc ($2.8m) and Ride Solution Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $65k (2.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.5m against liabilities of $816k, net assets of $661k. It reported 93 employees.