Sharon Fire Department Inc

Analysis

Sharon Fire Department Inc is a registered charity in United States, based in Sharon, CT. It received its IRS tax-exemption ruling in May 1999, 27 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, Sharon Fire Department Inc reported income of $551k and spending of $452k, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $486k to $551k (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2024, when income dropped by 39%. Over the whole period it spent 48% 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, Sharon Fire Department Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Smithfield Eaton Volunteer Ambulance Corp ($550k), Upper Mountain Volunteer Fire Company Inc ($551k) and Girdletree Volunteer Fire Co Inc ($550k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% of the total. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.