Monterey Fire Company Ltd

Analysis

Monterey Fire Company Ltd is a registered charity in United States, based in Monterey, MA. It received its IRS tax-exemption ruling in July 1981, 45 years ago. 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, Monterey Fire Company Ltd reported income of $61k and spending of $39k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $75k to $61k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income rose by 1617%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monterey Fire Company Ltd sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Uwm at Waukesha Foundation Inc ($61k), Dubois Area Historical Society Inc ($61k) and Bertha Aiken McMyler TR ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $188k against liabilities of $0, net assets of $188k.