First Rate Foundation Inc

Analysis

First Rate Foundation Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, First Rate Foundation Inc reported income of $92k and spending of $82k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $92k (-14%), an average of -14% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Rate Foundation Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within AK. Charities of a similar size with the same main cause include Gabriel Park Preschool of Portland Oregon ($92k), Eastern Cabarrus Historical Society Inc ($92k) and Braille Library & Transcribing Services Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.