Gnesen Volunteer Fire Department Inc

Analysis

Gnesen Volunteer Fire Department Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in May 2017, 9 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, Gnesen Volunteer Fire Department Inc reported income of $292k and spending of $192k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $203k to $292k (+44%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 84% 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, Gnesen Volunteer Fire Department Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Citizens Volunteer Fire Company ($291k), One Goat Incorporated ($292k) and Larksville Community Ambulance ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $1.2m against liabilities of $121k, net assets of $1.1m. It reported 11 employees.