First Command Educational Foundation

Analysis

First Command Educational Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 1984, 42 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 December 2023, First Command Educational Foundation reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-10%), an average of -2.7% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Command Educational Foundation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Nest Nursery School Inc ($1.1m), A Latere Academy ($1.1m) and Milford District Free Public Library Commission ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $276k (24% of expenses). Other salaries and wages came to $361k. At year end it held assets of $1.9m against liabilities of $112k, net assets of $1.8m. It reported 8 employees.