Firefly Education

Analysis

Firefly Education is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Firefly Education reported income of $162k and spending of $140k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $162k (+115%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Firefly Education sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within LA. Charities of a similar size with the same main cause include Western Institute of Legal Medicine ($162k), South High Spartan Band Boosters ($162k) and West End Library Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $52k (37% of expenses). Other salaries and wages came to $59k. At year end it held assets of $39k against liabilities of $817, net assets of $38k. It reported 4 employees.