Volunteer Exempt Firefighters Benevolent Assn of Manhasset-Lakev

Analysis

Volunteer Exempt Firefighters Benevolent Assn of Manhasset-Lakev is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Volunteer Exempt Firefighters Benevolent Assn of Manhasset-Lakev reported income of $897k and spending of $203k, leaving 77% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $249k to $897k (+260%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 561%. Over the whole period it spent 16% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Volunteer Exempt Firefighters Benevolent Assn of Manhasset-Lakev sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Hidabroot Corp ($896k), Jewish Federation of the Sacramento Region ($898k) and The United Way of Clark Champaign and Madison Counties Ohio Inc ($896k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $750 (0.4% of expenses). At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.