Manhasset Lakeville Fire Department Corp

Analysis

Manhasset Lakeville Fire Department Corp is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in December 2004, 22 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, Manhasset Lakeville Fire Department Corp reported income of $180k and spending of $173k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $235k to $180k (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2022, when income rose by 201%. Over the whole period it spent 127% 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, Manhasset Lakeville Fire Department Corp 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 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Milton Fire Department Inc ($180k), Grassy Knob Volunteer Fire Association Inc ($180k) and Delaware Valley Volunteer Fire Company Inc ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $1,500 (0.9% of expenses). At year end it held assets of $1.1m against liabilities of $613, net assets of $1.1m.