Firefighters Charitable Foundation Inc
EIN: 650258322 · Farmingdale, NY · NTEE: E50Z
Is Firefighters Charitable Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Firefighters Charitable Foundation Inc
Firefighters Charitable Foundation Inc (EIN: 650258322) is a nonprofit organization based in Farmingdale, NY, classified under NTEE code E50Z. The organization reported total revenue of $3.2M and total assets of $404K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Firefighters Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Firefighters Charitable Foundation Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-134,589 |
| Total Assets | $561K |
| Total Liabilities | $327K |
| Net Assets | $234K |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 58.2% |
| Months of Reserves | 1.9 months |
Financial Health Grade: D
In 2023, Firefighters Charitable Foundation Inc reported a deficit of $135K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 58.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Firefighters Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | -3.2% | -34.3% |
| 2022 | -11.4% | -8.7% | -9.9% |
| 2021 | +12.1% | +7.9% | +17.1% |
| 2020 | +8.5% | +7.7% | +29.3% |
| 2019 | -36.9% | -34.3% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Firefighters Charitable Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Firefighters Charitable Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $135K, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.2%.
Frequently Asked Questions about Firefighters Charitable Foundation Inc
Is Firefighters Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Firefighters Charitable Foundation Inc (EIN: 650258322) insufficient data. 0 red flags identified, 0 strengths noted.
How does Firefighters Charitable Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Firefighters Charitable Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Firefighters Charitable Foundation Inc tax-deductible?
Firefighters Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 650258322). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Firefighters Charitable Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Firefighters Charitable Foundation Inc's revenue has declined by 58.3%, moving from $8.1M to $3.4M. Total assets increased by 44.8% over the same period, from $387K to $561K. Total functional expenses fell by 56.6%, from $8.1M to $3.5M. In its most recent filing year (2023), Firefighters Charitable Foundation Inc reported a deficit of $135K, with expenses exceeding revenue. The organization holds $327K in liabilities against $561K in assets (debt-to-asset ratio: 58.2%), resulting in net assets of $234K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.5M | $561K | $327K | — | View 990 |
| 2022 | $3.6M | $3.6M | $853K | $485K | — | View 990 |
| 2021 | $4.1M | $4.0M | $947K | $539K | — | View 990 |
| 2020 | $3.6M | $3.7M | $809K | $543K | — | View 990 |
| 2019 | $3.3M | $3.4M | $626K | $293K | — | View 990 |
| 2018 | $5.3M | $5.2M | $674K | $232K | — | View 990 |
| 2017 | $7.4M | $7.2M | $569K | $211K | — | View 990 |
| 2016 | $7.0M | $6.9M | $462K | $264K | — | View 990 |
| 2015 | $6.3M | $6.4M | $298K | $194K | — | View 990 |
| 2014 | $6.4M | $6.5M | $431K | $287K | — | View 990 |
| 2013 | $7.5M | $7.4M | $473K | $272K | — | View 990 |
| 2012 | $7.6M | $7.6M | $411K | $230K | — | View 990 |
| 2011 | $8.1M | $8.1M | $387K | $201K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.5M, and assets of $561K (revenue -5.9% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.6M, and assets of $853K (revenue -11.4% year-over-year).
- 2021: Revenue of $4.1M, expenses of $4.0M, and assets of $947K (revenue +12.1% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.7M, and assets of $809K (revenue +8.5% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.4M, and assets of $626K (revenue -36.9% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.2M, and assets of $674K (revenue -28.1% year-over-year).
- 2017: Revenue of $7.4M, expenses of $7.2M, and assets of $569K (revenue +4.8% year-over-year).
- 2016: Revenue of $7.0M, expenses of $6.9M, and assets of $462K (revenue +11.1% year-over-year).
- 2015: Revenue of $6.3M, expenses of $6.4M, and assets of $298K (revenue -1.9% year-over-year).
- 2014: Revenue of $6.4M, expenses of $6.5M, and assets of $431K (revenue -13.6% year-over-year).
- 2013: Revenue of $7.5M, expenses of $7.4M, and assets of $473K (revenue -1.9% year-over-year).
- 2012: Revenue of $7.6M, expenses of $7.6M, and assets of $411K (revenue -6.3% year-over-year).
- 2011: Revenue of $8.1M, expenses of $8.1M, and assets of $387K.
Data Sources and Methodology
This transparency report for Firefighters Charitable Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.