First Gen Success

Analysis

First Gen Success is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2019, 7 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, First Gen Success reported income of $58k and spending of $20k, leaving 66% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $5,671 to $58k (+916%), an average of +117% a year. The sharpest change came in the year to December 2021, when income rose by 244%. Over the whole period it spent 33% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, First Gen Success sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Almaden Valley Womans Club ($57k), Pop Warner Little Scholars Inc ($58k) and Ace Adventure Club ($57k).

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 $70k against liabilities of $0, net assets of $70k.