First Story

Analysis

First Story is a registered charity in United States, based in Bend, OR. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Story reported income of $4.5m and spending of $2.7m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.5m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Story sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OR. Charities of a similar size with the same main cause include Rock Island Economic Growth Corporation ($4.5m), Christian Benevolent Outreach Inc ($4.5m) and Eagle Creek Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $21.8m against liabilities of $49k, net assets of $21.8m.