Firelight Foundation

Analysis

Firelight Foundation is a registered charity in United States, based in Scotts Valley, CA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Firelight Foundation reported income of $3.8m and spending of $4.3m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $6.3m to $3.8m (-39%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 683%. Over the whole period it spent 62% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Firelight Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include The Irish American Partnership Inc ($3.8m), Jerusalem University College ($3.8m) and Heroic Hearts Organization NFP ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $180k (4.2% of expenses). Other salaries and wages came to $787k. At year end it held assets of $16.9m against liabilities of $979k, net assets of $15.9m. It reported 4 employees.