Minquadale Fire Co Inc

Analysis

Minquadale Fire Co Inc is a registered charity in United States, based in New Castle, DE. It received its IRS tax-exemption ruling in April 1998, 28 years ago. 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, Minquadale Fire Co Inc reported income of $2.2m and spending of $1.8m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.2m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minquadale Fire Co Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within DE. Charities of a similar size with the same main cause include Newton Medical Center Foundation ($2.2m), Pastoral Institute Inc ($2.2m) and American Society for the Protection of Nature Israel Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 12% of the total. Other salaries and wages came to $944k. At year end it held assets of $5.0m against liabilities of $491k, net assets of $4.5m. It reported 35 employees.