Sherman Volunteer Fire Dept

Analysis

Sherman Volunteer Fire Dept is a registered charity in United States, based in Sherman, CT. It received its IRS tax-exemption ruling in January 1984, 42 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 June 2023, Sherman Volunteer Fire Dept reported income of $356k and spending of $333k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $441k to $356k (-19%), an average of -6.9% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sherman Volunteer Fire Dept sits at the 63rd percentile: it is larger than about 63% 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 Ellicott City Historic District Partnership Incorporated ($356k), Every Bottom Covered Inc ($356k) and Hewlett-Lawrence Soccer Club Inc ($356k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. At year end it held assets of $856k against liabilities of $0, net assets of $856k.