Henderson Fire Department Relief Association

Analysis

Henderson Fire Department Relief Association is a registered charity in United States, based in Henderson, MN. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable 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, Henderson Fire Department Relief Association reported income of $132k and spending of $83k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1,141 to $132k (+11509%), an average of +228% a year. The sharpest change came in the year to December 2020, when income rose by 7743%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Henderson Fire Department Relief Association sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include North Dakota Veterans Home Foundation Inc ($132k), Agape Baptist Church ($133k) and Central Davidson Athletic Foundation ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. Compensation of current officers, directors and key employees was $3,800 (4.6% of expenses). At year end it held assets of $484k against liabilities of $3,463, net assets of $480k.