Lake Kabetogama Area Volunteer Fire Department Incorporated

Analysis

Lake Kabetogama Area Volunteer Fire Department Incorporated is a registered charity in United States, based in Kabetogama, MN. It received its IRS tax-exemption ruling in September 1986, 40 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 June 2024, Lake Kabetogama Area Volunteer Fire Department Incorporated reported income of $213k and spending of $211k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $234k to $213k (-9.1%), an average of -9.1% a year. Over the whole period it spent 99% 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, Lake Kabetogama Area Volunteer Fire Department Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Volunteer Exempt Firefighters Benevolent Assn of Huntington Mano ($213k), Leasburg Volunteer Fire Department Inc ($213k) and Hamilton Safety Center ($213k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $3,600 (1.7% of expenses). Other salaries and wages came to $2,400. At year end it held assets of $317k against liabilities of $0, net assets of $317k.