Firmament of Love Outreach Inc

Analysis

Firmament of Love Outreach Inc is a registered charity in United States, based in Duncanville, TX. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Firmament of Love Outreach Inc reported income of $93k and spending of $94k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $142k to $93k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Firmament of Love Outreach Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Andy Foundation ($93k), Project Life Positeen ($93k) and Riverside County Foundation on Aging Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,331 against liabilities of $0, net assets of $1,331.