Islamorada Firefighters Benevolent Association Inc

Analysis

Islamorada Firefighters Benevolent Association Inc is a registered charity in United States, based in Islamorada, FL. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Islamorada Firefighters Benevolent Association Inc reported income of $61k and spending of $80k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $61k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Islamorada Firefighters Benevolent Association Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Opera 4 Kids ($61k), Suffolk Ame Cares Foundation Inc ($61k) and PTA Kansas Congress of Parents and Teachers ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.