First Generation Investors

Analysis

First Generation Investors is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Generation Investors reported income of $359k and spending of $298k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $222k to $359k (+61%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Generation Investors sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Missouri Elks Benevolent Trust Inc ($359k), Menucha Chesed Services Corp ($359k) and Changing Lives of Boca Raton ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $116k (39% of expenses). Other salaries and wages came to $89k. At year end it held assets of $355k against liabilities of $13k, net assets of $342k. It reported 2 employees.