First Five Fundamentals

Analysis

First Five Fundamentals is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Five Fundamentals reported income of $4.2m and spending of $4.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $4.2m (+177%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, First Five Fundamentals sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Girl Scouts Heart of the South ($4.2m), Israel Next Generation ($4.3m) and Boy Scouts of America ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $149k (3.2% of expenses). Other salaries and wages came to $1.0m. It paid $5,600 in professional fundraising fees. At year end it held assets of $2.3m against liabilities of $260k, net assets of $2.0m. It reported 18 employees.