Wassaic Fire Company Inc

Analysis

Wassaic Fire Company Inc is a registered charity in United States, based in Wassaic, NY. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Wassaic Fire Company Inc reported income of $99k and spending of $82k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $99k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wassaic Fire Company Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Earthrise Enterprises Inc ($99k), Hispanic Entrepreneur Initiative Inc ($99k) and Milwaukee Riverwalk District Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $349k against liabilities of $0, net assets of $349k.