Friends of Firefighters Inc

Analysis

Friends of Firefighters Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Friends of Firefighters Inc reported income of $638k and spending of $1.0m, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $743k to $638k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 106% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Friends of Firefighters Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Happy Trails Riding Academy ($638k), Vienna Volunteer Fire Department ($638k) and Stanley Hose Company Inc ($637k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $94k (9.2% of expenses). Other salaries and wages came to $557k. At year end it held assets of $308k against liabilities of $261k, net assets of $47k. It reported 10 employees.