Baltic Fire Engine Company No I Inc

Analysis

Baltic Fire Engine Company No I Inc is a registered charity in United States, based in Baltic, CT. It received its IRS tax-exemption ruling in January 2001, 25 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 June 2024, Baltic Fire Engine Company No I Inc reported income of $76k and spending of $89k, spending 117% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $67k to $76k (+12%), an average of +6.1% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 120% 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, Baltic Fire Engine Company No I Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include Wilson County Rescue Squad ($76k), Cobb County Safety Villagefoundation Inc ($76k) and The Simsbury Volunteer Fire Company Incorporated ($76k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.