Firehouse Subs Public Safety Foundation Inc

Analysis

Firehouse Subs Public Safety Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in January 2007, 19 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, Firehouse Subs Public Safety Foundation Inc reported income of $14.3m and spending of $10.0m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.0m to $14.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 82% 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, Firehouse Subs Public Safety Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Bridge to Turkiye ($14.2m), American India Foundation ($15.1m) and Recreational Boating and Fishing Foundation ($13.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $757k (7.6% of expenses). Other salaries and wages came to $335k. At year end it held assets of $22.2m against liabilities of $849k, net assets of $21.4m. It reported 12 employees.