Northeast Lakeside Fire Association Inc

Analysis

Northeast Lakeside Fire Association Inc is a registered charity in United States, based in Mountain Home, AR. It received its IRS tax-exemption ruling in May 2015, 11 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, Northeast Lakeside Fire Association Inc reported income of $253k and spending of $326k, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $326k to $253k (-22%), an average of -8.1% a year. The sharpest change came in the year to December 2021, when income dropped by 29%. Over the whole period it spent 119% 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, Northeast Lakeside Fire Association Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within AR. Charities of a similar size with the same main cause include Penderlea Fire Department ($253k), Volunteer Fire Co of Western Inc ($253k) and Tidioute Volunteer Fire Department ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $50k. At year end it held assets of $1.1m against liabilities of $78k, net assets of $1.0m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.