Colchester Hayward Volunteer Fire Company

Analysis

Colchester Hayward Volunteer Fire Company is a registered charity in United States, based in Colchester, CT. It received its IRS tax-exemption ruling in November 1976, 50 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, Colchester Hayward Volunteer Fire Company reported income of $102k and spending of $83k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $102k (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 884%. Over the whole period it spent 34% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colchester Hayward Volunteer Fire Company sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within CT. Charities of a similar size with the same main cause include Peer Court Inc ($102k), USA Track & Field Inc ($102k) and Westside Volunteer Fire Dept Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $1.3m against liabilities of $14k, net assets of $1.3m.