Friends of the Long Beach Firefighters

Analysis

Friends of the Long Beach Firefighters is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Friends of the Long Beach Firefighters reported income of $193k and spending of $160k, spending 83% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $336k to $193k (-43%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of the Long Beach Firefighters 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 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Watson Economic Development Associates Inc ($192k), Rebuilding Together Central Alabama ($193k) and Berea Community Development Corporation ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $460k against liabilities of $1,387, net assets of $459k.