Foster Center Volunteer Fire Company

Analysis

Foster Center Volunteer Fire Company is a registered charity in United States, based in Foster, RI. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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, Foster Center Volunteer Fire Company reported income of $85k and spending of $75k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $85k (-3.0%), an average of -3.0% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foster Center Volunteer Fire Company sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within RI. Charities of a similar size with the same main cause include Public Financial Publication Inc ($85k), Future Farmers of America and Its State Assoc & Loc Chapter ($85k) and Hyde Park Youth Symphony Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $248k against liabilities of $0, net assets of $248k.