Firehouse Community Arts Center

Analysis

Firehouse Community Arts Center is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 2020, 6 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 December 2023, Firehouse Community Arts Center reported income of $218k and spending of $218k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $218k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 98% 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 Community Arts Center sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AL. Charities of a similar size with the same main cause include 100 Horses Womens Society Inc ($218k), Arcadia Project ($218k) and WV Professional Dance Company ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $72k (33% of expenses). Other salaries and wages came to $38k. At year end it held assets of $55k against liabilities of $0, net assets of $55k. It reported 21 employees.