First Principles Forum

Analysis

First Principles Forum is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Principles Forum reported income of $76k and spending of $55k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $244k to $76k (-69%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, First Principles Forum sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within IN. Charities of a similar size with the same main cause include Little Bird Armenian Development Inc ($76k), Ticonderoga Main Street Partnership Inc ($76k) and Land Conservation Society of Texas Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.