Monroe Vol Fire Dept No 1 Inc

Analysis

Monroe Vol Fire Dept No 1 Inc is a registered charity in United States, based in Monroe, CT. It received its IRS tax-exemption ruling in November 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Monroe Vol Fire Dept No 1 Inc reported income of $361k and spending of $340k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $354k to $361k (+1.9%), an average of +0.4% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 88% 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, Monroe Vol Fire Dept No 1 Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Dorrance Township Volunteer Fire Department ($361k), Penn Forest Township Volunteer Fire Co No 1 ($361k) and Telford Volunteer Fire Company No 1 ($361k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $807k against liabilities of $0, net assets of $807k.