Hagaman Volunteer Fire Department Inc

Analysis

Hagaman Volunteer Fire Department Inc is a registered charity in United States, based in Hagaman, NY. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Hagaman Volunteer Fire Department Inc reported income of $666k and spending of $575k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $469k to $666k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hagaman Volunteer Fire Department Inc sits at the 72nd percentile: it is larger than about 72% 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 G-I-S Housing-Hillsborough Inc ($666k), Stepping Stones Inc ($666k) and Operation Pay It Forward ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 73% of the total. At year end it held assets of $2.5m against liabilities of $874k, net assets of $1.6m.