Twin Lakes Volunteer Fire Department and Rescue Squad

Analysis

Twin Lakes Volunteer Fire Department and Rescue Squad is a registered charity in United States, based in Twin Lakes, WI. It received its IRS tax-exemption ruling in February 1996, 30 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, Twin Lakes Volunteer Fire Department and Rescue Squad reported income of $902k and spending of $765k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $469k to $902k (+92%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 83% 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, Twin Lakes Volunteer Fire Department and Rescue Squad sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Newburg Volunteer Rescue Squad and Fire Department Inc ($901k), Wintergarden Womens Shelter Inc ($903k) and South Lynches Fire District ($900k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $156k (20% of expenses). Other salaries and wages came to $267k. At year end it held assets of $695k against liabilities of $0, net assets of $695k. It reported 43 employees.