Finish First Academy

Analysis

Finish First Academy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Finish First Academy reported income of $556k and spending of $609k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $267k to $556k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Finish First Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Glen Highland Farm Inc ($556k), Gnome Foundation Inc ($556k) and North Orange County Youth Sports Association- Nocysa ($556k).

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 $100k (16% of expenses). Other salaries and wages came to $259k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 12 employees.