Minerva Vol Fire Dept & Rescue Squad Inc

Analysis

Minerva Vol Fire Dept & Rescue Squad Inc is a registered charity in United States, based in Minerva, NY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2023, Minerva Vol Fire Dept & Rescue Squad Inc reported income of $139k and spending of $173k, spending 124% of what it took in. Across the 6 years on record, from March 2018 to March 2023, income fell from $143k to $139k (-2.5%), an average of -0.5% a year. The sharpest change came in the year to March 2021, when income dropped by 21%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minerva Vol Fire Dept & Rescue Squad Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Laramie Girls Softball Association ($139k), Larchmont Mamaroneck Basketball Association ($139k) and Force Soccer Club ($139k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $445k against liabilities of $272k, net assets of $174k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.