Flames of Giving Inc

Analysis

Flames of Giving Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in November 2018, 8 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 June 2024, Flames of Giving Inc reported income of $53k and spending of $36k, leaving 33% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $68k to $53k (-22%), an average of -22% a year. The sharpest change came in the year to June 2024, when income dropped by 22%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Flames of Giving Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within NJ. Charities of a similar size with the same main cause include Syaor Charitable Foundation ($53k), Harford County Association of Realtors Charitable and Educationa ($53k) and Lake Union Rotary Foundation ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.