Firmkeys Inc

Analysis

Firmkeys Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2022, Firmkeys Inc reported income of $79k and spending of $53k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income grew from $30k to $79k (+161%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 164%. Over the whole period it spent 138% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Firmkeys Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Ab Shaw Fire Company ($79k), Cressona Fire Company 1 ($79k) and McKinley Heights Mutual Benefit Association ($79k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.