Newport Firefighters Fund

Analysis

Newport Firefighters Fund is a registered charity in United States, based in Newport, MN. It received its IRS tax-exemption ruling in September 2024, 2 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 2022, Newport Firefighters Fund reported income of $61k and spending of $83k, spending 136% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $79k to $61k (-23%), an average of -8.4% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 80% 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, Newport Firefighters Fund sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within MN. Charities of a similar size with the same main cause include Holland Volunteer Fire Dept Bingo Acct ($61k), Grahamsville First Aid Squad Inc ($61k) and Big Sandy Volunteer Fire Department Inc ($61k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $1,300 (1.6% of expenses). At year end it held assets of $1.1m against liabilities of $65, net assets of $1.1m.