Exeter Volunteer Fire Co No 2

Analysis

Exeter Volunteer Fire Co No 2 is a registered charity in United States, based in Exeter, RI. It received its IRS tax-exemption ruling in August 1993, 33 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 March 2024, Exeter Volunteer Fire Co No 2 reported income of $238k and spending of $129k, leaving 46% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $188k to $238k (+27%), an average of +6.1% a year. The sharpest change came in the year to March 2023, when income rose by 41%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Exeter Volunteer Fire Co No 2 sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within RI. Charities of a similar size with the same main cause include Utah Council of the Blind ($238k), Childrens Leukemia Research Association Inc ($238k) and Grace and Truth Community Development Corporation ($238k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 1.4% and program service revenue 91% of the total. Other salaries and wages came to $20k. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.