1st-Gen Scholars

Analysis

1st-Gen Scholars is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in October 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 May 2024, 1st-Gen Scholars reported income of $86k and spending of $82k, spending 96% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $106k to $86k (-19%), an average of -19% a year. The sharpest change came in the year to May 2024, when income dropped by 19%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 1st-Gen Scholars sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Parent Booster USA Inc ($86k), Kenny School Foundation Inc ($86k) and Simon Estes Educational Foundation Inc ($86k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 0.1% and program service revenue 26% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.