The North Stonington Volunteer Fire Company Inc

Analysis

The North Stonington Volunteer Fire Company Inc is a registered charity in United States, based in N Stonington, CT. It received its IRS tax-exemption ruling in May 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 June 2023, The North Stonington Volunteer Fire Company Inc reported income of $463k and spending of $457k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $255k to $463k (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 99% 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, The North Stonington Volunteer Fire Company Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Mutual Engine Hose Co Eng 1 ($463k), Stony Hill Volunteer Fire Co Inc ($463k) and White House Community Volunteer Fire Department Inc ($463k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $64k (14% of expenses). Other salaries and wages came to $86k. At year end it held assets of $427k against liabilities of $3,817, net assets of $423k. It reported 10 employees.