Nora Springs Farm Fire Service Company

Analysis

Nora Springs Farm Fire Service Company is a registered charity in United States, based in Nora Springs, IA. It received its IRS tax-exemption ruling in October 2000, 26 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 June 2024, Nora Springs Farm Fire Service Company reported income of $135k and spending of $136k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $379k to $135k (-64%), an average of -23% a year. The sharpest change came in the year to June 2021, when income dropped by 69%. Over the whole period it spent 58% 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, Nora Springs Farm Fire Service Company sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within IA. Charities of a similar size with the same main cause include Southern Region Ski Patrol Inc ($135k), Civitas Lancaster ($135k) and Linn San Manuel Volunteer Fire Department Inc ($135k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $506k against liabilities of $43k, net assets of $463k.