Bridgewater Fire Co Inc

Analysis

Bridgewater Fire Co Inc is a registered charity in United States, based in Bridgewater, NY. It received its IRS tax-exemption ruling in August 2014, 12 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 March 2024, Bridgewater Fire Co Inc reported income of $371k and spending of $371k, spending 100% of its income. Across the 4 years on record, from March 2020 to March 2024, income grew from $111k to $371k (+234%), an average of +49% a year. The sharpest change came in the year to March 2022, when income rose by 175%. Over the whole period it spent 72% 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, Bridgewater Fire Co Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include US Renal Care Employee Relief Foundation ($371k), Florida Floodplain Managers Association Inc ($371k) and Sandy Ridge Fire and Rescue Department Inc ($370k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 20% and program service revenue 69% of the total. Other salaries and wages came to $46k. At year end it held assets of $582k against liabilities of $398k, net assets of $184k. It reported 5 employees.