Lake Vermilion Fire Brigade

Analysis

Lake Vermilion Fire Brigade is a registered charity in United States, based in Cook, MN. It received its IRS tax-exemption ruling in May 2009, 17 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, Lake Vermilion Fire Brigade reported income of $316k and spending of $87k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $316k (+159%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 221%. Over the whole period it spent 81% 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 Vermilion Fire Brigade sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include South Old Bridge Volunteer Fire Company Incorporated ($316k), New Bethlehem Firemens Co No 1 ($316k) and Montgomery Township Volunteer Fire Company No 2 ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.