The Lyme Fire Company Incorporated

Analysis

The Lyme Fire Company Incorporated is a registered charity in United States, based in Lyme, CT. It received its IRS tax-exemption ruling in January 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, The Lyme Fire Company Incorporated reported income of $80k and spending of $31k, leaving 62% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $60k to $80k (+35%), an average of +10% a year. The sharpest change came in the year to March 2021, when income rose by 39%. Over the whole period it spent 34% 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 Lyme Fire Company Incorporated sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within CT. Charities of a similar size with the same main cause include East Greenwich Township Fire & Rescue Corp ($80k), Okemah Community Improvement Association ($80k) and Stratham Volunteer Fire Department Association ($80k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $728k against liabilities of $0, net assets of $728k.