First Step Inc of the Fifth Judical Circuit

Analysis

First Step Inc of the Fifth Judical Circuit is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, First Step Inc of the Fifth Judical Circuit reported income of $88k and spending of $44k, leaving 49% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $69k to $88k (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 1343%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Step Inc of the Fifth Judical Circuit sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Grace to Ukraine ($88k), Alano Club of Lahaina Inc ($88k) and Adelanto Tabernacle Community Non Profit Organization ($88k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.