American Fireworks Standards Laboratory Inc

Analysis

American Fireworks Standards Laboratory Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in April 2011, 15 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 organisation that tests for public safety under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Fireworks Standards Laboratory Inc reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.1m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 90% 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, American Fireworks Standards Laboratory Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Washington Volunteer Fire Department and Rescue Squad Inc ($3.1m), West Michigan Regional Medical Consortium ($3.1m) and Stoney Point Fire Department Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $249k (8.1% of expenses). Other salaries and wages came to $176k. At year end it held assets of $5.0m against liabilities of $395k, net assets of $4.6m. It reported 3 employees.