West Greenwich Volunteer Fire Company No 1

Analysis

West Greenwich Volunteer Fire Company No 1 is a registered charity in United States, based in W Greenwich, RI. It received its IRS tax-exemption ruling in October 1997, 29 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 2024, West Greenwich Volunteer Fire Company No 1 reported income of $345k and spending of $296k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $458k to $345k (-25%), an average of -6.9% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 105% 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, West Greenwich Volunteer Fire Company No 1 sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within RI. Charities of a similar size with the same main cause include Buxton Fire Prevention Association Inc ($345k), The a F Dobler Hose and Ladder ($345k) and Make Schools Safe Inc ($344k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $17k (5.6% of expenses). Other salaries and wages came to $28k. At year end it held assets of $423k against liabilities of $186k, net assets of $237k. It reported 10 employees.