Chena-Goldstream Fire and Rescue

Analysis

Chena-Goldstream Fire and Rescue is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in December 1977, 49 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, Chena-Goldstream Fire and Rescue reported income of $2.0m and spending of $2.1m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $2.0m (+18%), an average of +5.6% a year. Over the whole period it spent 106% 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, Chena-Goldstream Fire and Rescue sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within AK. Charities of a similar size with the same main cause include Felton Community Fire Company Inc ($2.0m), Huntington Community First Aid Squad Inc ($2.0m) and Elsmere Fire Co No 1 ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (5.6% of expenses). Other salaries and wages came to $810k. At year end it held assets of $1.7m against liabilities of $150k, net assets of $1.5m. It reported 31 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.