Bay-Ridge Volunteer Fire Company Inc

Analysis

Bay-Ridge Volunteer Fire Company Inc is a registered charity in United States, based in Lake George, NY. It received its IRS tax-exemption ruling in December 1994, 32 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, Bay-Ridge Volunteer Fire Company Inc reported income of $656k and spending of $573k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $662k to $656k (-0.8%), an average of -0.2% a year. Over the whole period it spent 90% 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, Bay-Ridge Volunteer Fire Company 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 Dicks Sporting Goods Teammate Relief Fund ($656k), Minnesota Fire Service Certification Board ($657k) and Sonco Ambulance Inc ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. At year end it held assets of $2.2m against liabilities of $918k, net assets of $1.3m.