Town of Broome Volunteer Fire Dept Inc

Analysis

Town of Broome Volunteer Fire Dept Inc is a registered charity in United States, based in Middleburgh, NY. It received its IRS tax-exemption ruling in December 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Town of Broome Volunteer Fire Dept Inc reported income of $238k and spending of $142k, leaving 40% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $182k to $238k (+30%), an average of +6.9% a year. The sharpest change came in the year to March 2023, when income rose by 617%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Town of Broome Volunteer Fire Dept Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include St Vincent Foundation ($238k), Assistance League of San Jose ($238k) and Benjamin Volen Charitable Trust ($238k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.