Lake Mishnock Volunteer Fire

Analysis

Lake Mishnock Volunteer Fire is a registered charity in United States, based in W Greenwich, RI. It received its IRS tax-exemption ruling in August 1976, 50 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 2023, Lake Mishnock Volunteer Fire reported income of $189k and spending of $301k, spending 159% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $410k to $189k (-54%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 108% 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, Lake Mishnock Volunteer Fire sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within RI. Charities of a similar size with the same main cause include Fair Haven Volunteer Fire Dept Inc ($189k), North Syracuse Volunteer Firefighters Association Inc ($189k) and Mt Pleasant Fire Co-1 ($189k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $310k against liabilities of $90k, net assets of $220k.