Union Fire Company of Ballston Spa Inc

Analysis

Union Fire Company of Ballston Spa Inc is a registered charity in United States, based in Ballston Spa, NY. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Union Fire Company of Ballston Spa Inc reported income of $57k and spending of $71k, spending 124% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income fell from $66k to $57k (-13%), an average of -13% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union Fire Company of Ballston Spa Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Gto Conferences Inc ($57k), New Beginnings Thoroughbreds ($57k) and Dairy Foundation of Virginia Inc ($57k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $273k against liabilities of $0, net assets of $273k.