Lafayette Firemens Relief Association

Analysis

Lafayette Firemens Relief Association is a registered charity in United States, based in Lafayette, MN. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lafayette Firemens Relief Association reported income of $148k and spending of $139k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $29k to $148k (+414%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 230%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lafayette Firemens Relief Association sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Friends of Midreshet Moriah Inc ($148k), Angels Anonymous Inc ($148k) and Independence Place Inc ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $899 (0.6% of expenses). At year end it held assets of $884k against liabilities of $0, net assets of $884k.