Minquas Fire Co 1

Analysis

Minquas Fire Co 1 is a registered charity in United States, based in Newport, DE. It received its IRS tax-exemption ruling in December 1975, 51 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, Minquas Fire Co 1 reported income of $2.3m and spending of $1.8m, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.5m to $2.3m (+50%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 85% 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, Minquas Fire Co 1 sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within DE. Charities of a similar size with the same main cause include Riceville Volunteer Fire Department Inc ($2.3m), Aberdeen Fire Department Incorporated ($2.3m) and Iowa Statewide Poison Control Center ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 14% of the total. Other salaries and wages came to $701k. At year end it held assets of $7.9m against liabilities of $1.1m, net assets of $6.8m. It reported 52 employees.