First Generation College Bound Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 399,606 | 376,273 | 23,333 | 1.2 | 35% |
| 2012 | 511,316 | 393,908 | 117,408 | 4.7 | 41% |
| 2013 | 333,413 | 365,997 | −32,584 | 4.0 | 36% |
| 2014 | 457,498 | 421,832 | 35,666 | 4.5 | 44% |
| 2015 | 484,698 | 432,790 | 51,908 | 5.8 | 47% |
| 2016 | 351,186 | 435,630 | −84,444 | 3.5 | 34% |
| 2017 | 502,676 | 409,615 | 93,061 | 6.4 | 47% |
| 2018 | 864,722 | 846,539 | 18,183 | 3.4 | 43% |
| 2019 | 1,205,465 | 948,508 | 256,957 | 6.2 | 51% |
| 2020 | 1,130,919 | 1,028,586 | 102,333 | 8.2 | 48% |
| 2021 | 1,275,240 | 992,084 | 283,156 | 11.9 | 54% |
| 2022 | 1,307,851 | 1,077,796 | 230,055 | 13.5 | 52% |
| 2023 | 1,933,298 | 1,280,391 | 652,907 | 17.5 | 51% |
In its most recent public year (2023), this organization brought in $652,907 more than it spent. Its reserves stood at about 17.5 months of spending, up from 1.2 in 2011. Staff pay was 51% of spending. $80,719 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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