Foundations First Christian Inc

Analysis

Foundations First Christian Inc is a registered charity in United States, based in Clinton, NJ. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Foundations First Christian Inc reported income of $568k and spending of $575k, spending 101% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $422k to $568k (+35%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundations First Christian Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Wisconsin Christian Campus Ministries Inc ($568k), See Forward Ministries Corporation ($569k) and Central Texas Vipassana Association Inc ($568k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $59k (10% of expenses). Other salaries and wages came to $333k. At year end it held assets of $187k against liabilities of $61k, net assets of $126k. It reported 18 employees.