Volunteer Fire Department of Prospect Inc

Analysis

Volunteer Fire Department of Prospect Inc is a registered charity in United States, based in Prospect, CT. It received its IRS tax-exemption ruling in December 1992, 34 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, Volunteer Fire Department of Prospect Inc reported income of $528k and spending of $604k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $503k to $528k (+5.1%), an average of +1.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteer Fire Department of Prospect Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Linglestown Fire Company No 1 ($528k), Hakomi Institute ($528k) and Wayne County Memorial Association Inc ($528k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $29k. At year end it held assets of $687k against liabilities of $13k, net assets of $673k. It reported 1 employees.