Firehouse Dream Inc

Analysis

Firehouse Dream Inc is a registered charity in United States, based in Maywood, IL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Firehouse Dream Inc reported income of $200k and spending of $178k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $68k to $200k (+197%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 192%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Firehouse Dream Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Denver Police Law Enforcement Museum ($200k), Dunes Arts Foundation Inc ($200k) and Concho Christmas Celebration Inc ($200k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (15% of expenses). Other salaries and wages came to $34k. At year end it held assets of $44k against liabilities of $0, net assets of $44k. It reported 3 employees.