Wolcott Volunteer Fire Department Company 1

Analysis

Wolcott Volunteer Fire Department Company 1 is a registered charity in United States, based in Wolcott, CT. It received its IRS tax-exemption ruling in February 2016, 10 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, Wolcott Volunteer Fire Department Company 1 reported income of $232k and spending of $195k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $192k to $232k (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 93% 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, Wolcott Volunteer Fire Department Company 1 sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Feal Good Foundation Inc ($232k), Green Springs Rural Volunteer Fire Department Inc ($232k) and Central Volunteer Fire Dept ($232k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.