Atlantic Firemans Education Association

Analysis

Atlantic Firemans Education Association is a registered charity in United States, based in Cape Porpoise, ME. It received its IRS tax-exemption ruling in July 1958, 68 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Atlantic Firemans Education Association reported income of $62k and spending of $49k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $62k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Atlantic Firemans Education Association sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 17th percentile within ME. Charities of a similar size with the same main cause include Indian Rocks Beach Action 2000 Inc ($62k), Lakeview Employment Group ($62k) and Metro Educational Concepts Incorporated ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 22% of the total. At year end it held assets of $310k against liabilities of $197, net assets of $310k.