First Addition Extension

Analysis

First Addition Extension is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, First Addition Extension reported income of $373k and spending of $364k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $210k to $373k (+78%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Addition Extension sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Raise Your Hand for Illinois Public Education ($373k), Coastal Carolina Community College Foundation Inc ($373k) and Hartford Parent University Inc ($373k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. At year end it held assets of $158k against liabilities of $74k, net assets of $84k.