Fairmont Firefighters Relief Association

Analysis

Fairmont Firefighters Relief Association is a registered charity in United States, based in Fairmont, MN. It received its IRS tax-exemption ruling in February 1998, 28 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, Fairmont Firefighters Relief Association reported income of $386k and spending of $123k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $386k (+134%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 74% 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, Fairmont Firefighters Relief Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Clarks Summit Fire Company No 1 Inc ($386k), South Edgecombe Rural Fire Department ($387k) and Bedington Volunteer Fire Departmentinc ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $5,415 (4.4% of expenses). Other salaries and wages came to $1,107. At year end it held assets of $2.5m against liabilities of $2,838, net assets of $2.5m. It reported 9 employees.