Lake Shore Fire Department

Analysis

Lake Shore Fire Department is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lake Shore Fire Department reported income of $556k and spending of $458k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $556k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lake Shore Fire Department sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Coventry Town Foundation Inc ($556k), Louisiana Hospitality Foundation ($556k) and The Lexington Cancer Foundation Inc ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 18% of the total. At year end it held assets of $1.3m against liabilities of $197k, net assets of $1.1m.