Torringford Volunteer Fire Department Inc

Analysis

Torringford Volunteer Fire Department Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in September 1994, 32 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 June 2024, Torringford Volunteer Fire Department Inc reported income of $90k and spending of $85k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $58k to $90k (+55%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 152%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Torringford Volunteer Fire Department Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include Hundred Club of Indian River County Inc ($90k), PTA Oklahoma Congress ($90k) and Grace United Methodist Foundation Inc ($90k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 60% of the total. At year end it held assets of $274k against liabilities of $350, net assets of $274k.