Carmel Fire Department Inc

Analysis

Carmel Fire Department Inc is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in February 2004, 22 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, Carmel Fire Department Inc reported income of $1.8m and spending of $1.2m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.8m (+72%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 65% 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, Carmel Fire Department Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Economy Volunteer Ambulance Service ($1.8m), Rescue Hose Co No 1 of Greencastle ($1.8m) and Highway 168 Fire Safe Council ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $12.3m against liabilities of $3.6m, net assets of $8.7m.