Common Fire Foundation

Analysis

Common Fire Foundation is a registered charity in United States, based in Beacon, NY. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2023, Common Fire Foundation reported income of $54k and spending of $38k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $34 to $54k (+158862%), an average of +531% a year. The sharpest change came in the year to December 2020, when income rose by 150585%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Common Fire Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include The Contemporary Club of Ho Ho Kus Inc ($54k), PTA California Congress of Parents Teachers & Students Inc ($54k) and Bay Area Bioscience Center ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $579k against liabilities of $290k, net assets of $289k.