Mahopac Volunteer Fire Department Inc

Analysis

Mahopac Volunteer Fire Department Inc is a registered charity in United States, based in Mahopac, NY. It received its IRS tax-exemption ruling in April 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mahopac Volunteer Fire Department Inc reported income of $3.5m and spending of $1.3m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.5m (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 61% 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, Mahopac Volunteer Fire Department Inc 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 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Minquas Fire Company 2 Inc ($3.4m), The David Crockett Steam Fire Company No 1 ($3.5m) and Friendswood Volunteer Fire Dept Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $2,998 (0.2% of expenses). At year end it held assets of $10.8m against liabilities of $1.3m, net assets of $9.5m.