Firefighters for Healing

Analysis

Firefighters for Healing is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Firefighters for Healing reported income of $1.7m and spending of $1.0m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $629k to $1.7m (+167%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 307%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Firefighters for Healing sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Greater Richmond Fit4kids Inc ($1.7m), Village Center for Care Fund ($1.7m) and United Way of the Greater Chippewa Valley Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $181k (17% of expenses). Other salaries and wages came to $66k. At year end it held assets of $9.0m against liabilities of $4.3m, net assets of $4.7m. It reported 19 employees.