Castorland Fire Company Inc

Analysis

Castorland Fire Company Inc is a registered charity in United States, based in Castorland, NY. It received its IRS tax-exemption ruling in December 2018, 8 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, Castorland Fire Company Inc reported income of $416k and spending of $377k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $416k (+245%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 136%. Over the whole period it spent 71% 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, Castorland Fire Company Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include First Branch Ambulance Service Inc ($416k), Woodlawn Volunteer Fire Company Inc ($416k) and Brookside Volunteer Fire Company ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.7m against liabilities of $766k, net assets of $1.9m.