Old Lyme Fire Deaprtment Inc

Analysis

Old Lyme Fire Deaprtment Inc is a registered charity in United States, based in Old Lyme, CT. It received its IRS tax-exemption ruling in December 2000, 26 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 April 2024, Old Lyme Fire Deaprtment Inc reported income of $110k and spending of $134k, spending 121% of what it took in. Across the 3 years on record, from April 2022 to April 2024, income grew from $97k to $110k (+14%), an average of +6.7% a year. The sharpest change came in the year to April 2024, when income rose by 28%. Over the whole period it spent 107% 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, Old Lyme Fire Deaprtment Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within CT. Charities of a similar size with the same main cause include South Carolina Law Enforcement Accreditation Inc ($110k), East Campbell Fire Department Inc ($110k) and Wading River Fire Dept ($110k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. At year end it held assets of $276k against liabilities of $0, net assets of $276k.