Park Rapids Firemens Relief Association

Analysis

Park Rapids Firemens Relief Association is a registered charity in United States, based in Park Rapids, MN. It received its IRS tax-exemption ruling in April 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, Park Rapids Firemens Relief Association reported income of $261k and spending of $202k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $261k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 104% 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, Park Rapids Firemens Relief Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Tri-Clover Fire Company ($261k), Chestnut Ridge Community Volunteer Fire Company ($261k) and Sister Lakes Fire Department ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.