Firstline Schools Inc

Analysis

Firstline Schools Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Firstline Schools Inc reported income of $60.4m and spending of $51.2m, spending 85% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $46.6m to $60.4m (+30%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Firstline Schools Inc 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 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Potomac School ($60.3m), Brooklyn Prospect Charter School ($60.5m) and Lincoln University ($60.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 45% and program service revenue 51% of the total. Other salaries and wages came to $25.7m. At year end it held assets of $25.2m against liabilities of $3.9m, net assets of $21.3m. It reported 566 employees.