Lakeland Volunteer Fire Department

Analysis

Lakeland Volunteer Fire Department is a registered charity in United States, based in Gilbert, MN. It received its IRS tax-exemption ruling in July 1987, 39 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 2022, Lakeland Volunteer Fire Department reported income of $562k and spending of $53k, leaving 91% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $95k to $562k (+493%), an average of +81% a year. The sharpest change came in the year to December 2021, when income rose by 209%. Over the whole period it spent 35% 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, Lakeland Volunteer Fire Department 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 71st percentile within MN. Charities of a similar size with the same main cause include Tryonota Volunteer Fire Department Inc ($561k), Newportville Fire Company No 1 ($564k) and Inlet Volunteer Emergency Services Inc ($561k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3,238. At year end it held assets of $2.3m against liabilities of $462k, net assets of $1.8m. It reported 5 employees.