Forest Lake Volunteer Fire Co

Analysis

Forest Lake Volunteer Fire Co is a registered charity in United States, based in Montrose, PA. It received its IRS tax-exemption ruling in July 1995, 31 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, Forest Lake Volunteer Fire Co reported income of $92k and spending of $54k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $92k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 62% 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, Forest Lake Volunteer Fire Co sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Rome Volunteer Fire Department ($92k), Milltown Fire Department Inc ($92k) and Resilience Action Fund Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $286k against liabilities of $0, net assets of $286k.