Fryeburg Rescue Association

Analysis

Fryeburg Rescue Association is a registered charity in United States, based in Fryeburg, ME. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Fryeburg Rescue Association reported income of $717k and spending of $722k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $523k to $717k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 88% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Fryeburg Rescue Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include North Lenoir Fire Protection Associnc ($716k), Indian Lake Volunteer Ambulance Corp Inc ($717k) and White Cross Volunteer Fire Departme NT Inc ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $70k (9.7% of expenses). Other salaries and wages came to $350k. At year end it held assets of $1.4m against liabilities of $260k, net assets of $1.1m. It reported 34 employees.