Firstday Foundation

Analysis

Firstday Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 1999, 27 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 August 2023, Firstday Foundation reported income of $62.2m and spending of $63.1m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $52.4m to $62.2m (+19%), an average of +4.4% a year. The sharpest change came in the year to August 2021, when income rose by 447%. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Firstday Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Akron-Canton Regional Foodbank ($62.0m), Covenant Hospice Inc ($62.2m) and Valley Opportunity Council Inc ($61.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $3.5m (5.6% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $788.7m against liabilities of $8.1m, net assets of $780.6m. It reported 163 employees.