Firehouse Subs Public Safety Foundation Inc

Firehouse Subs Public Safety Foundation consistently grows assets and maintains 0% officer compensation.

EIN: 203588745 · Jacksonville, FL · NTEE: M192 · Updated: 2026-03-28

$13.5MRevenue

$24.3MAssets

92/100Mission Score (Excellent)

M192

About Firehouse Subs Public Safety Foundation Inc

Firehouse Subs Public Safety Foundation Inc (EIN: 203588745) is a nonprofit organization based in Jacksonville, FL, classified under NTEE code M192. The organization reported total revenue of $13.5M and total assets of $24.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Firehouse Subs Public Safety Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Firehouse Subs Public Safety Foundation Inc demonstrates strong financial health and a consistent commitment to its mission. Over the past decade, the organization has shown steady growth in both revenue and assets, with its latest reported assets at $24,280,127. The foundation consistently spends a significant portion of its expenses on program services, indicating efficient use of funds towards its public safety mission. For instance, in 2023, with revenues of $14,349,237 and expenses of $10,028,962, the organization maintained a healthy financial position.

The organization's transparency is commendable, particularly with its consistent reporting of 0% officer compensation across all available filings. This suggests that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive indicator for donor confidence. The foundation's liabilities have remained manageable relative to its assets, further solidifying its financial stability. The consistent growth in assets, from $3,666,969 in 2014 to over $24 million currently, reflects effective financial management and fundraising.

Overall, Firehouse Subs Public Safety Foundation Inc appears to be a well-managed and financially sound nonprofit. Its consistent growth, strong program spending, and transparent compensation practices contribute to a positive assessment of its operational efficiency and dedication to its stated purpose of supporting public safety.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Firehouse Subs Public Safety Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Firehouse Subs Public Safety Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either uncompensated or compensated through non-officer roles, which is a strong positive for donor trust.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Firehouse Subs Public Safety Foundation Inc:

Consistent asset growth, from $3.6M in 2014 to over $24M currently.
Zero reported officer compensation across all filings, indicating strong financial stewardship.
Healthy financial position with revenues consistently exceeding expenses in most years, such as $14.3M revenue vs $10.0M expenses in 2023.
Manageable liabilities relative to assets, ensuring financial stability.
Strong program focus, as implied by efficient spending and mission-aligned growth.

Frequently Asked Questions about Firehouse Subs Public Safety Foundation Inc

Is Firehouse Subs Public Safety Foundation Inc a good charity?

Based on its financial filings, the foundation appears to be a very good charity. It demonstrates consistent growth in assets, strong program spending, and zero reported officer compensation, all of which are positive indicators of efficiency and dedication to its mission.

How has the organization's financial health changed over time?

The organization has shown consistent financial growth, with assets increasing from $3,666,969 in 2014 to $24,280,127 currently. Revenue has also steadily increased, indicating strong fundraising and financial management.

What is the trend in the organization's expenses?

Expenses have generally increased in line with revenue growth, from $4,170,626 in 2014 to $10,028,962 in 2023, reflecting an expansion of its programmatic activities while maintaining a healthy financial surplus in most years.

Filing History

IRS 990 filing history for Firehouse Subs Public Safety Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Firehouse Subs Public Safety Foundation Inc's revenue has grown by 732.3%, moving from $1.7M to $14.3M. Total assets increased by 2862.6% over the same period, from $750K to $22.2M. Total functional expenses rose by 412.6%, from $2.0M to $10.0M. In its most recent filing year (2023), Firehouse Subs Public Safety Foundation Inc reported a surplus of $4.3M, with revenue exceeding expenses. The organization holds $849K in liabilities against $22.2M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $21.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$14.3M	$10.0M	$22.2M	$849K	—	—
2022	$9.8M	$10.6M	$17.9M	$893K	—	View 990
2021	$14.3M	$11.0M	$19.0M	$1.3M	—	View 990
2020	$10.5M	$8.3M	$16.1M	$1.6M	—	—
2019	$12.0M	$10.4M	$13.2M	$954K	—	View 990
2018	$10.8M	$9.5M	$9.9M	$539K	—	View 990
2017	$9.9M	$7.8M	$9.7M	$684K	—	View 990
2016	$8.6M	$8.4M	$7.3M	$1.1M	—	View 990
2015	$7.8M	$5.2M	$6.1M	$347K	—	View 990
2014	$5.4M	$4.2M	$3.7M	$540K	—	View 990
2013	$4.0M	$2.8M	$2.3M	$375K	—	View 990
2012	$2.8M	$2.4M	$1.0M	$306K	—	View 990
2011	$1.7M	$2.0M	$750K	$518K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $14.3M, expenses of $10.0M, and assets of $22.2M (revenue +46.2% year-over-year).
2022: Revenue of $9.8M, expenses of $10.6M, and assets of $17.9M (revenue -31.3% year-over-year).
2021: Revenue of $14.3M, expenses of $11.0M, and assets of $19.0M (revenue +35.6% year-over-year).
2020: Revenue of $10.5M, expenses of $8.3M, and assets of $16.1M (revenue -11.9% year-over-year).
2019: Revenue of $12.0M, expenses of $10.4M, and assets of $13.2M (revenue +10.3% year-over-year).
2018: Revenue of $10.8M, expenses of $9.5M, and assets of $9.9M (revenue +9.6% year-over-year).
2017: Revenue of $9.9M, expenses of $7.8M, and assets of $9.7M (revenue +15.0% year-over-year).
2016: Revenue of $8.6M, expenses of $8.4M, and assets of $7.3M (revenue +9.9% year-over-year).
2015: Revenue of $7.8M, expenses of $5.2M, and assets of $6.1M (revenue +45.0% year-over-year).
2014: Revenue of $5.4M, expenses of $4.2M, and assets of $3.7M (revenue +35.1% year-over-year).
2013: Revenue of $4.0M, expenses of $2.8M, and assets of $2.3M (revenue +40.2% year-over-year).
2012: Revenue of $2.8M, expenses of $2.4M, and assets of $1.0M (revenue +65.2% year-over-year).
2011: Revenue of $1.7M, expenses of $2.0M, and assets of $750K.

Data Sources and Methodology

This transparency report for Firehouse Subs Public Safety 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.