Volunteer Fire Company of Center Brunswick Inc

Analysis

Volunteer Fire Company of Center Brunswick Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in January 2014, 12 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, Volunteer Fire Company of Center Brunswick Inc reported income of $448k and spending of $514k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $414k to $448k (+8.3%), an average of +2.0% a year. Over the whole period it spent 118% 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, Volunteer Fire Company of Center Brunswick Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Centre Hall Fire Company ($448k), Monroeton Volunteer Fire Department Inc ($449k) and First Hose Company of Boonsboro Washington County State of Marylan ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $16k (3.2% of expenses). Other salaries and wages came to $10k. At year end it held assets of $2.8m against liabilities of $543k, net assets of $2.2m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.