Central Lakes Community Organization & Fire Dept

Analysis

Central Lakes Community Organization & Fire Dept is a registered charity in United States, based in Eveleth, MN. It received its IRS tax-exemption ruling in October 1995, 31 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, Central Lakes Community Organization & Fire Dept reported income of $62k and spending of $32k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $62k (+8.4%), an average of +8.4% a year. 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, Central Lakes Community Organization & Fire Dept sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Odessa Volunteer Fire Department ($62k), Arizona Search Dogs Inc ($63k) and Macungie Volunteer Fire Department ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $1,800 (5.6% of expenses). At year end it held assets of $520k against liabilities of $16k, net assets of $505k. It reported 2 employees.