Firehouse Cultural Center Inc

Analysis

Firehouse Cultural Center Inc is a registered charity in United States, based in Ruskin, FL. It received its IRS tax-exemption ruling in April 2012, 14 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 2022, Firehouse Cultural Center Inc reported income of $501k and spending of $396k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $337k to $501k (+49%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Firehouse Cultural Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Minnesota High School Rodeo Association ($500k), St Lawrence Child Care Council Inc ($501k) and Pioneer Amateur Hockey Association ($500k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $63k (16% of expenses). Other salaries and wages came to $57k. At year end it held assets of $611k against liabilities of $216k, net assets of $395k. It reported 3 employees.