First There Foundation Inc

Analysis

First There Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2022, 4 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 There Foundation Inc reported income of $64k and spending of $121k, spending 189% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $64k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First There Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Hope at Heart Foundation ($64k), Akujobi Organization ($64k) and St Lukes Development Corporation ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 130% of the total. Compensation of current officers, directors and key employees was $5,000 (4.1% of expenses). At year end it held assets of $11k against liabilities of $0, net assets of $11k.