Conneaut Lake Volunteer Fire Department of Conneaut Lake Boro

Analysis

Conneaut Lake Volunteer Fire Department of Conneaut Lake Boro is a registered charity in United States, based in Conneaut Lake, PA. It received its IRS tax-exemption ruling in July 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Conneaut Lake Volunteer Fire Department of Conneaut Lake Boro reported income of $369k and spending of $343k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $472k to $369k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 74% 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, Conneaut Lake Volunteer Fire Department of Conneaut Lake Boro sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Valley Splash Aquatics Inc ($369k), Ridgecrest Volunteer Fire Department Inc ($369k) and Beulaville Volunteer Fire & Rescue Inc ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $3,364 (1.0% of expenses). At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $783k. It reported 48 employees.