Firelight Media Inc
Firelight Media Inc shows strong financial growth and zero reported officer compensation over a decade.
EIN: 113489379 · New York, NY · NTEE: R99 · Updated: 2026-03-28
Is Firelight Media Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Firelight Media Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Firelight Media Inc
Firelight Media Inc (EIN: 113489379) is a nonprofit organization based in New York, NY, classified under NTEE code R99. The organization reported total revenue of $8.4M and total assets of $16.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Firelight Media Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Firelight Media Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Firelight Media Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Firelight Media Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, or trustees. This is highly unusual for an organization of its size and revenue, suggesting either a volunteer leadership structure or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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.
Red Flags
The following concerns were identified during AI analysis of Firelight Media Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Firelight Media Inc:
- Consistent and significant revenue growth over the past decade, from $720,887 in 2015 to $7,880,020 in 2023.
- Strong asset growth, increasing from $2,528,353 in 2015 to $14,967,738 in 2023, indicating sound financial management and reserve building.
- Remarkable transparency with 0% officer compensation reported across all 14 filings, suggesting a strong commitment to directing funds to programs.
- Healthy financial position with assets significantly exceeding liabilities, indicating strong solvency.
- Positive operating margins in most recent years, demonstrating effective expense management relative to revenue.
Frequently Asked Questions about Firelight Media Inc
Is Firelight Media Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Firelight Media Inc (EIN: 113489379) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Firelight Media Inc spend its money?
Firelight Media Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Firelight Media Inc tax-deductible?
Firelight Media Inc is registered as a tax-exempt nonprofit (EIN: 113489379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Firelight Media Inc a good charity?
Based on the provided financial data, Firelight Media Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth in revenue and assets, and a remarkable commitment to transparency by reporting 0% officer compensation across all filings. This suggests a high dedication to its mission and efficient use of funds.
How has Firelight Media Inc's revenue changed over time?
Firelight Media Inc has experienced significant revenue growth. From $720,887 in 2015, its revenue has grown to $7,880,020 in 2023, with a peak of $11,068,950 in 2022. This indicates successful fundraising and increasing support for its activities.
What is the organization's financial stability?
The organization demonstrates strong financial stability. Its assets have consistently grown, reaching $14,967,738 in 2023, significantly exceeding its liabilities of $1,998,442. This healthy asset-to-liability ratio, combined with consistent revenue generation, indicates a robust financial position.
Filing History
IRS 990 filing history for Firelight Media Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Firelight Media Inc's revenue has grown by 1108.8%, moving from $652K to $7.9M. Total assets increased by 989.5% over the same period, from $1.4M to $15.0M. Total functional expenses rose by 1447.4%, from $480K to $7.4M. In its most recent filing year (2023), Firelight Media Inc reported a surplus of $460K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $15.0M in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $13.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $7.9M | $7.4M | $15.0M | $2.0M | — | — |
| 2022 | $11.1M | $6.3M | $14.9M | $2.4M | — | — |
| 2021 | $5.1M | $3.7M | $9.4M | $1.6M | — | View 990 |
| 2020 | $3.4M | $3.2M | $7.0M | $1.1M | — | — |
| 2019 | $3.0M | $2.7M | $5.5M | $472K | — | View 990 |
| 2018 | $3.8M | $2.5M | $5.4M | $600K | — | View 990 |
| 2017 | $3.8M | $2.1M | $4.0M | $486K | — | View 990 |
| 2016 | $2.6M | $2.8M | $2.0M | $293K | — | View 990 |
| 2015 | $721K | $1.6M | $2.5M | $608K | — | View 990 |
| 2014 | $3.4M | $867K | $3.3M | $491K | — | View 990 |
| 2013 | $390K | $853K | $423K | $117K | — | View 990 |
| 2012 | $915K | $804K | $895K | $127K | — | View 990 |
| 2011 | $319K | $908K | $806K | $81K | — | View 990 |
| 2010 | $652K | $480K | $1.4M | $59K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.9M, expenses of $7.4M, and assets of $15.0M (revenue -28.8% year-over-year).
- 2022: Revenue of $11.1M, expenses of $6.3M, and assets of $14.9M (revenue +119.0% year-over-year).
- 2021: Revenue of $5.1M, expenses of $3.7M, and assets of $9.4M (revenue +50.1% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.2M, and assets of $7.0M (revenue +13.7% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.7M, and assets of $5.5M (revenue -22.0% year-over-year).
- 2018: Revenue of $3.8M, expenses of $2.5M, and assets of $5.4M (revenue -0.8% year-over-year).
- 2017: Revenue of $3.8M, expenses of $2.1M, and assets of $4.0M (revenue +44.7% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.8M, and assets of $2.0M (revenue +267.1% year-over-year).
- 2015: Revenue of $721K, expenses of $1.6M, and assets of $2.5M (revenue -78.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $867K, and assets of $3.3M (revenue +769.4% year-over-year).
- 2013: Revenue of $390K, expenses of $853K, and assets of $423K (revenue -57.4% year-over-year).
- 2012: Revenue of $915K, expenses of $804K, and assets of $895K (revenue +186.9% year-over-year).
- 2011: Revenue of $319K, expenses of $908K, and assets of $806K (revenue -51.1% year-over-year).
- 2010: Revenue of $652K, expenses of $480K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Firelight Media 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.