Fire Industry Education and Research Organization Inc

Analysis

Fire Industry Education and Research Organization Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2018, 8 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 2023, Fire Industry Education and Research Organization Inc reported income of $538k and spending of $657k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $287k to $538k (+87%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 150%. Over the whole period it spent 104% 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, Fire Industry Education and Research Organization Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include South Orange Rescue Squad Inc ($538k), Pleasant Hill Volunteer Fire Co ($538k) and Hartley Volunteer Fire Department ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $18k (2.8% of expenses). At year end it held assets of $81k against liabilities of $441, net assets of $80k. It reported 1 employees.