Firstfruits Initiative

Analysis

Firstfruits Initiative is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Firstfruits Initiative reported income of $101k and spending of $88k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $175k to $101k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Firstfruits Initiative sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Hop4kids ($101k), Tulsa Committee on Foreign Relations Inc ($101k) and Bodhi Charity Foundation Inc ($101k).

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 $18k against liabilities of $0, net assets of $18k.