Firemens Association of the State of New York

Analysis

Firemens Association of the State of New York is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Firemens Association of the State of New York reported income of $19.2m and spending of $18.0m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $19.2m to $19.2m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to September 2020, when income dropped by 21%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Firemens Association of the State of New York sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Rhg-Afforable Housing II Inc ($19.2m), Baywood Apartments Inc ($19.3m) and Midwest Housing Equity Group Inc ($19.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $953k (5.3% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $48.7m against liabilities of $2.7m, net assets of $46.0m. It reported 226 employees.