Milan Volunteer Fire Department Inc

Analysis

Milan Volunteer Fire Department Inc is a registered charity in United States, based in Milan, NY. It received its IRS tax-exemption ruling in April 2016, 10 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 March 2024, Milan Volunteer Fire Department Inc reported income of $651k and spending of $481k, leaving 26% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $470k to $651k (+38%), an average of +8.5% a year. The sharpest change came in the year to March 2024, when income rose by 54%. Over the whole period it spent 83% 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, Milan Volunteer Fire Department Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Charleston County Volunteer Rescue Squad ($651k), Crumpton Volunteer Fire Department Inc ($651k) and Plymouth Fire Company 1 ($651k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 21% and program service revenue 71% of the total. At year end it held assets of $3.5m against liabilities of $450k, net assets of $3.1m.