Firstmark Credit Union Foundation

Analysis

Firstmark Credit Union Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Firstmark Credit Union Foundation reported income of $221k and spending of $191k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $287k to $221k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Firstmark Credit Union Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include United Way of Stanly County ($221k), Seward County United Fund ($221k) and Camp Smile Foundation Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $226k against liabilities of $0, net assets of $226k.