Elk Lake Volunteer Fire Co

Analysis

Elk Lake Volunteer Fire Co is a registered charity in United States, based in Montrose, PA. It received its IRS tax-exemption ruling in September 2003, 23 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, Elk Lake Volunteer Fire Co reported income of $156k and spending of $87k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $156k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 58% 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, Elk Lake Volunteer Fire Co sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include The Saegertown Volunteer Fire Department Inc ($156k), Station 75 Operations Inc ($156k) and Owls Head Mountain View Volunteer Fire Company Inc ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 0.3% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.