First Gen Scholars

Analysis

First Gen Scholars is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 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 Gen Scholars reported income of $341k and spending of $453k, spending 133% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $396k to $341k (-14%), an average of -14% a year. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Gen Scholars sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Georgia School of Addiction Studies Inc ($340k), Read Early and Daily R E a D ($341k) and Open Door Njny Inc ($340k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (19% of expenses). Other salaries and wages came to $161k. At year end it held assets of $66k against liabilities of $94k, net assets of -$28k. It reported 27 employees.