Volunteer and Exempt Firemans Benevolent Assoc of Fire Dist One

Analysis

Volunteer and Exempt Firemans Benevolent Assoc of Fire Dist One is a registered charity in United States, based in Larchmont, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 March 2024, Volunteer and Exempt Firemans Benevolent Assoc of Fire Dist One reported income of $123k and spending of $101k, spending 82% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $113k to $123k (+9.1%), an average of +2.2% a year. The sharpest change came in the year to March 2024, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Volunteer and Exempt Firemans Benevolent Assoc of Fire Dist One sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Detroit Rotary Foundation ($123k), Evansville Sports Corporation ($123k) and McKinley Community ($123k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 84% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.