Firebird Community Arts

Analysis

Firebird Community Arts is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Firebird Community Arts reported income of $2.2m and spending of $1.2m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $553k to $2.2m (+296%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Firebird Community Arts sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Senior Nutrition Services Region IV Inc ($2.2m), African American Christian Foundation ($2.2m) and Depaul Group Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $71k (5.9% of expenses). Other salaries and wages came to $493k. At year end it held assets of $2.0m against liabilities of $136k, net assets of $1.8m. It reported 14 employees.