First3years

Analysis

First3years is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 December 2023, First3years reported income of $1.6m and spending of $1.8m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.6m (-15%), an average of -3.8% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First3years sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Muskingum Residentials Inc ($1.6m), Mountain Child Advocacy Center ($1.6m) and Urban Roots MN ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $211k (12% of expenses). Other salaries and wages came to $1000k. At year end it held assets of $1.4m against liabilities of $99k, net assets of $1.3m. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.