Lay Lake Volunteer Fire Department Inc

Analysis

Lay Lake Volunteer Fire Department Inc is a registered charity in United States, based in Childersburg, AL. It received its IRS tax-exemption ruling in November 1991, 35 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, Lay Lake Volunteer Fire Department Inc reported income of $145k and spending of $113k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $145k (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 122% 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, Lay Lake Volunteer Fire Department Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within AL. Charities of a similar size with the same main cause include Artisan Fire Co ($145k), Eagleswood Fire Company ($145k) and Northmoreland Township Volunteer Fire Company ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $430k against liabilities of $0, net assets of $430k.