Lake Carmel Fire Department Inc

Analysis

Lake Carmel Fire Department Inc is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in June 2005, 21 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, Lake Carmel Fire Department Inc reported income of $1.1m and spending of $910k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-3.9%), an average of -1.0% a year. Over the whole period it spent 87% 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, Lake Carmel Fire Department Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Yellow Breeches Ems Inc ($1.1m), Live Oak Manor Volunteer Fire Co Inc ($1.1m) and Tellico Village Volunteer Fire Depa Rtment Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.7% of the total. At year end it held assets of $5.4m against liabilities of $1.7m, net assets of $3.6m.