First School Financial Aid Trust Honoring the Memory of C Markman

Analysis

First School Financial Aid Trust Honoring the Memory of C Markman is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 School Financial Aid Trust Honoring the Memory of C Markman reported income of $162k and spending of $88k, leaving 45% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $132k to $162k (+23%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First School Financial Aid Trust Honoring the Memory of C Markman sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Rowan County Literacy Council Inc ($162k), Southport High School Alumni Association Inc ($162k) and Cookeville Childrens Theatre ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $338k against liabilities of $0, net assets of $338k.