1st Foundation Corporation

Analysis

1st Foundation Corporation is a registered charity in United States, based in Spiro, OK. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, 1st Foundation Corporation reported income of $102k and spending of $81k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $323k to $102k (-68%), an average of -44% a year. The sharpest change came in the year to December 2023, when income rose by 14002%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, 1st Foundation Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within OK. Charities of a similar size with the same main cause include Louisiana Coalition for Accessible and Sustainable Healthcare ($102k), The Bainbridge Recovery Club ($102k) and Bell Auxiliary ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.