Readmond Friendship Fire Fighters Assoc

Analysis

Readmond Friendship Fire Fighters Assoc is a registered charity in United States, based in Harbor SPGS, MI. It received its IRS tax-exemption ruling in October 1989, 37 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, Readmond Friendship Fire Fighters Assoc reported income of $554k and spending of $293k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $554k (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 72% 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, Readmond Friendship Fire Fighters Assoc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Cumberland Empowerment Zone Corporation ($554k), Goshen Fire Department ($554k) and Volunteer Fire Company Number One of Laurel Maryland Inc ($553k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $2,960 (1.0% of expenses). Other salaries and wages came to $87k. At year end it held assets of $2.3m against liabilities of $429, net assets of $2.3m.