Banksville Independent Fire Company Inc

Analysis

Banksville Independent Fire Company Inc is a registered charity in United States, based in Bedford, NY. It received its IRS tax-exemption ruling in April 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 (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, Banksville Independent Fire Company Inc reported income of $725k and spending of $599k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $690k to $725k (+5.1%), an average of +1.3% a year. Over the whole period it spent 76% 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, Banksville Independent Fire Company Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Roanoke Wildwood Volunteer Fire Department Inc ($721k), Front Royal Volunteer Fire Dept Inc ($726k) and Rockport Volunteer Fire Dept Inc ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $6,500. At year end it held assets of $4.8m against liabilities of $58k, net assets of $4.8m. It reported 21 employees.