Talladega First Inc

Analysis

Talladega First Inc is a registered charity in United States, based in Talladega, AL. It received its IRS tax-exemption ruling in January 1987, 39 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 December 2023, Talladega First Inc reported income of $203k and spending of $238k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $308k to $203k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2021, when income rose by 216%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Talladega First Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within AL. Charities of a similar size with the same main cause include Milpitas Food Pantry ($203k), Livermore Girls Softball Association Inc ($203k) and Olivet Housing and Community Development Corporation ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 33% of the total. Other salaries and wages came to $60k. At year end it held assets of $864k against liabilities of $2,563, net assets of $862k. It reported 2 employees.