Old Saybrook Fire Company No 1 Inc

Analysis

Old Saybrook Fire Company No 1 Inc is a registered charity in United States, based in Old Saybrook, CT. It received its IRS tax-exemption ruling in March 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Old Saybrook Fire Company No 1 Inc reported income of $187k and spending of $62k, leaving 67% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $64k to $187k (+193%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Saybrook Fire Company No 1 Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Rotary International District 5450 Inc ($187k), Southeast Library System ($187k) and Hand Papermaking Inc ($187k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.