Firmament Foundation Inc

Analysis

Firmament Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Firmament Foundation Inc reported income of $110k and spending of $84k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $110k (-0.7%), an average of -0.7% a year. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Firmament Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Urban Farming ($110k), Maria S Closet Inc ($110k) and Wilsonville Touchdown Club ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 116% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.