Clear Lake Volunteer Fire Department Inc

Analysis

Clear Lake Volunteer Fire Department Inc is a registered charity in United States, based in Clear Lake, IA. It received its IRS tax-exemption ruling in March 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 (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, Clear Lake Volunteer Fire Department Inc reported income of $127k and spending of $86k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $127k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 103% 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, Clear Lake Volunteer Fire Department Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within IA. Charities of a similar size with the same main cause include Swiss Colony Fire Department Inc ($127k), Noble Township Volunteer Fire Department Inc ($127k) and Eastern Salisbury Fire Ambulance & Rescue Company ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 14% of the total. At year end it held assets of $352k against liabilities of $941, net assets of $351k.