Marengo Firefighters Association

Analysis

Marengo Firefighters Association is a registered charity in United States, based in Marengo, IA. It received its IRS tax-exemption ruling in May 2019, 7 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 January 2023, Marengo Firefighters Association reported income of $173k and spending of $131k, leaving 24% of income unspent that year. Across the 4 years on record, from January 2020 to January 2023, income fell from $931k to $173k (-81%), an average of -43% a year. The sharpest change came in the year to January 2021, when income dropped by 91%. Over the whole period it spent 24% 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, Marengo Firefighters Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IA. Charities of a similar size with the same main cause include East Chatham Fire Company Inc ($173k), Good Shepherd Center ($173k) and Colorado-Rapid Avalanche Deployment ($173k).

On its Form 990 for the period ending January 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $992k against liabilities of $0, net assets of $992k.