Firstability INC FY2022 filing

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To assist the undeserved

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-5719410) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $478K a year · 77% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
92%
of spending
92% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$2.1M
295% of total assets
Liabilities are 295% of assets.
Pt X · Ln 26
Revenue
$1.1M
+21% vs prior year
Spent
$3.1M
To programs
92%
Net assets
−$1.4M
By yearFY2020–FY2024
Revenue
$1.1M
FY2022▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$365K
FY2021$909K
FY2022$1.1M
FY2024$100K
Expenses
$3.1M
FY2022▲ +275%
Tap a bar for its year
Expenses by fiscal year
FY2020$384K
FY2021$822K
FY2022$3.1M
FY2024$99K
Net assets
−$1.4M
FY2022▼ -1022%
Tap a bar for its year
Net assets by fiscal year
FY2020$46K
FY2021$153K
FY2022−$1.4M
FY2024$2K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Revoked May 2010, reinstated. IRS ruling Sep 2013, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Sep 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $2.8M Management & general 8% · $238K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Firstability INC executive salaries →

Programs and updates

Firstability INC is a public foundation based in Pompano Beach, FL.

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1 program · $747K · in their own filed words · FY2021
01

The foundation provded educational and training services to 100 plus students. The foundation has impacted the participants through athletics, tutoring, mentoring and health education

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-5719410) · Dispute this line
$747Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$843K
Other incomeLn 4–11$253K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.8M
Managementcol C$238K
Owns and owesPt X
−$1.4M
net assets · Ln 32
Total assetsLn 16$727K
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$843K
Other incomeLn 4–11$253K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
Total assetsLn 16$727K
LiabilitiesLn 26$2.1M
Net assetsLn 32−$1.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 18, 2025 $100K$99K$1K$2K 990 PDF
FY2023 Not on file
FY2022 ViewingFiled with the IRS May 12, 2025 $1.1M$3.1M−$2.0M−$1.4M 990 PDF
FY2021Filed with the IRS Sep 12, 2022 $909K$822K$87K$153K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $365K$384K−$18K$46K 990 PDF

Schedules filed Part IV

A · Public support O · Explanations

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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