Spring Lake Park Fire Dept Inc

Analysis

Spring Lake Park Fire Dept Inc is a registered charity in United States, based in Spring LK PK, MN. It received its IRS tax-exemption ruling in July 1973, 53 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 December 2023, Spring Lake Park Fire Dept Inc reported income of $4.4m and spending of $4.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.4m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 19%. 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, Spring Lake Park Fire Dept Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Steele Creek Volunteer Fire Department and Rescue Services Inc ($4.4m), Indy Public Safety Foundation Inc ($4.4m) and Information Technology Disaster Resource Center Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $214k (4.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 67 employees.