First State Educate Inc

Analysis

First State Educate Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 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 (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, First State Educate Inc reported income of $90k and spending of $478k, spending 532% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $563k to $90k (-84%), an average of -37% a year. The sharpest change came in the year to December 2022, when income rose by 203%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First State Educate Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within DE. Charities of a similar size with the same main cause include Malcolm Boosters Association ($90k), Roxbury Organization of Parents and Educators ($90k) and Jubilee Academic Foundation Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $871k against liabilities of $2,884, net assets of $868k.