Raquette Lake Fire Department Inc

Analysis

Raquette Lake Fire Department Inc is a registered charity in United States, based in Raquette Lake, NY. It received its IRS tax-exemption ruling in May 2021, 5 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, Raquette Lake Fire Department Inc reported income of $510k and spending of $136k, leaving 73% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $162k to $510k (+215%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 18% 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, Raquette Lake Fire Department Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Judson Metro Volunteer Fire Department ($510k), Magnolia Springs Volunteer Fire Department Incorporated ($511k) and Commuting Solutions ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 16% of the total. At year end it held assets of $2.3m against liabilities of $317k, net assets of $2.0m.