Meco Volunteer Fire Company

Analysis

Meco Volunteer Fire Company is a registered charity in United States, based in Gloversville, NY. It received its IRS tax-exemption ruling in January 2003, 23 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, Meco Volunteer Fire Company reported income of $268k and spending of $222k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $268k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 72% 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, Meco Volunteer Fire Company sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Fairfax County Volunteer Fire and Rescue Association Inc ($268k), Nahunta Volunteer Fire Department Inc ($269k) and Austin-Tracy Volunteer Fire Department Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. At year end it held assets of $1.2m against liabilities of $370k, net assets of $861k.