Hector Firemans Relief Association

Analysis

Hector Firemans Relief Association is a registered charity in United States, based in Hector, MN. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hector Firemans Relief Association reported income of $126k and spending of $120k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $126k (+205%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hector Firemans Relief Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Sidey Fund Inc ($126k), Forsyth Education Partnership ($126k) and Yeshuos Yaakov Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $3,900 (3.3% of expenses). At year end it held assets of $1.5m against liabilities of $115, net assets of $1.5m. It reported 3 employees.