Bridgewater Fire Department Inc

Analysis

Bridgewater Fire Department Inc is a registered charity in United States, based in Bridgewater, CT. It received its IRS tax-exemption ruling in June 2024, 2 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 December 2023, Bridgewater Fire Department Inc reported income of $551k and spending of $238k, leaving 57% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $120k to $551k (+359%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 411%. Over the whole period it spent 52% 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, Bridgewater Fire Department Inc sits at the 85th percentile: it is larger than about 85% 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 Washington Fire Company Community Ambulance Inc ($551k), Yankee Hill Fire Safe Council ($552k) and Upper Mountain Volunteer Fire Company Inc ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 12% of the total. At year end it held assets of $2.5m against liabilities of $37k, net assets of $2.5m.