Firespring Foundation

Analysis

Firespring Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Firespring Foundation reported income of $3.1m and spending of $3.2m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.8m to $3.1m (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Firespring Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within NE. Charities of a similar size with the same main cause include Steve Menzies Global Foundation Inc ($3.1m), LA Plaza Inc ($3.1m) and National Museum of the Mighty Eighth Air Force Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. At year end it held assets of $45k against liabilities of $46k, net assets of -$1,285.