The Kent Volunteer Fire Department Inc

Analysis

The Kent Volunteer Fire Department Inc is a registered charity in United States, based in Kent, CT. It received its IRS tax-exemption ruling in April 1990, 36 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, The Kent Volunteer Fire Department Inc reported income of $704k and spending of $896k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $554k to $704k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 121% 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 Kent Volunteer Fire Department Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include PG Volunteer Fire Department Inc ($703k), Smithfield Volunteer Fire Department Incorporated ($708k) and Hatzolah of Los Angeles ($702k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $20k (2.3% of expenses). At year end it held assets of $4.9m against liabilities of $21k, net assets of $4.8m.

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.