Lafayette Fire Protective Association

Analysis

Lafayette Fire Protective Association is a registered charity in United States, based in Lafayette, MN. It received its IRS tax-exemption ruling in April 2018, 8 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 January 2024, Lafayette Fire Protective Association reported income of $57k and spending of $77k, spending 134% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $317k to $57k (-82%), an average of -35% a year. The sharpest change came in the year to January 2021, when income dropped by 89%. Over the whole period it spent 76% 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, Lafayette Fire Protective Association sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Inez Volunteer Fire Department Inc ($57k), Dubois Volunteer Fire Department ($57k) and Citizens Fire Company of Branchdale Pennsylvania ($57k).

On its Form 990 for the period ending January 2024, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $500 (0.7% of expenses). At year end it held assets of $509k against liabilities of $0, net assets of $509k.

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.