South Foster Volunteer Fire Co

Analysis

South Foster Volunteer Fire Co is a registered charity in United States, based in Foster, RI. It received its IRS tax-exemption ruling in July 1992, 34 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, South Foster Volunteer Fire Co reported income of $682k and spending of $674k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $453k to $682k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 94% 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, South Foster Volunteer Fire Co sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within RI. Charities of a similar size with the same main cause include Sawmills Volunteer Fire Department Inc ($681k), Silver Valley Volunteer Fire Department Inc ($682k) and Hasty Fire Department Inc ($679k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $194k against liabilities of $29k, net assets of $164k.