Broad Channel Volunteers Inc

Analysis

Broad Channel Volunteers Inc is a registered charity in United States, based in Broad Channel, NY. It received its IRS tax-exemption ruling in January 1998, 28 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, Broad Channel Volunteers Inc reported income of $177k and spending of $152k, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $111k to $177k (+60%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 75% 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, Broad Channel Volunteers Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Davis Corner Volunteer Fire Department & Rescue Squad Inc ($177k), Bowman Community Volunteer Fire Department Inc ($177k) and Manor Volunteer Fire Dept ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. It paid $9,896 in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $129k, net assets of $886k.