Fireweed Community Woodshop

Analysis

Fireweed Community Woodshop is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fireweed Community Woodshop reported income of $209k and spending of $185k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $124k to $209k (+69%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fireweed Community Woodshop 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 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Aampa African American Museum of Performing Arts Inc ($209k), River Raisin Ragtime Revue ($209k) and Alamance County Historical Museum Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 54% of the total. Other salaries and wages came to $38k. At year end it held assets of $125k against liabilities of $35k, net assets of $90k.