Inheritance Fire

Analysis

Inheritance Fire is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in May 2003, 23 years ago. 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, Inheritance Fire reported income of $818k and spending of $799k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $447k to $818k (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inheritance Fire sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Osceola County Historical Society Inc ($818k), Eureka Community Ambulance Service ($818k) and St Pauls Christian Daycare ($818k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $73k (9.1% of expenses). At year end it held assets of $784k against liabilities of $160k, net assets of $623k. It reported 1 employees.