Grand Island Fire Co No 1 Inc

Analysis

Grand Island Fire Co No 1 Inc is a registered charity in United States, based in Grand Island, NY. It received its IRS tax-exemption ruling in February 1996, 30 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, Grand Island Fire Co No 1 Inc reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+10%), an average of +2.4% a year. Over the whole period it spent 104% 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, Grand Island Fire Co No 1 Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Rainbow World Fund ($1.7m), Blooming Grove Volunteer Ambulance Corps Inc ($1.7m) and Westarea Volunteer Fire Department Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 91% of the total. Other salaries and wages came to $270k. At year end it held assets of $4.8m against liabilities of $1.4m, net assets of $3.3m. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.