Salem Volunteer Fire Company Incorporated

Analysis

Salem Volunteer Fire Company Incorporated is a registered charity in United States, based in Salem, CT. It received its IRS tax-exemption ruling in November 1991, 35 years ago. 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, Salem Volunteer Fire Company Incorporated reported income of $112k and spending of $88k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $112k (+169%), an average of +169% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salem Volunteer Fire Company Incorporated sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include Falmouth Volunteers in Public Schools Inc ($112k), Missouri 10-33 Benevolent Fund Inc ($112k) and PTA California Congress of Parents Teachers & Students Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 7.4% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.