Firehouse Community Development Corporation

Analysis

Firehouse Community Development Corporation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 Community Development Corporation reported income of $175k and spending of $205k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $375k to $175k (-53%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 110% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Firehouse Community Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Redeem Programs ($175k), Iowa Right to Life Committee Educational Fund ($175k) and Princeton Justice Initiative ($175k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $132k. At year end it held assets of $14k against liabilities of $111k, net assets of -$97k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.