Salem Volunteer Fire Department

Analysis

Salem Volunteer Fire Department is a registered charity in United States, based in Salem, NY. It received its IRS tax-exemption ruling in September 2003, 23 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 December 2023, Salem Volunteer Fire Department reported income of $323k and spending of $366k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $323k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 155% 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, Salem Volunteer Fire Department sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include South Morgan County Volunteer Fire Department Inc ($323k), Rosinton Volunteer Fire & Rescue ($324k) and Princess Anne Courthouse Volunteer Rescue Squad and Fire Department ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 64% of the total. At year end it held assets of $1.9m against liabilities of $685k, net assets of $1.3m.