Lake City Fire Company

Analysis

Lake City Fire Company is a registered charity in United States, based in Lake City, PA. It received its IRS tax-exemption ruling in February 2001, 25 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 September 2023, Lake City Fire Company reported income of $165k and spending of $196k, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $408k to $165k (-60%), an average of -20% a year. The sharpest change came in the year to September 2020, when income dropped by 57%. Over the whole period it spent 101% 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 City Fire Company sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Summit County Search and Rescue Fund ($165k), Laurelton Fire Co No 1 Inc ($165k) and Big Sandy Volunteer Fire Department ($165k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 9.8% of the total. At year end it held assets of $899k against liabilities of $3,344, net assets of $896k.