Firework Foundation

Analysis

Firework Foundation is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Firework Foundation reported income of $1.3m and spending of $454k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $499k to $1.3m (+153%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 748%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Firework Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Northern Virginia 4-H Educational and Conference Center Inc ($1.3m), Boys & Girls Club of Mitchell County Inc ($1.3m) and Holiday Lake 4-H Educational Center Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $95k (21% of expenses). Other salaries and wages came to $42k. At year end it held assets of $990k against liabilities of $557, net assets of $990k. It reported 7 employees.