Lake Shore Volunteer Fire Company Inc

Analysis

Lake Shore Volunteer Fire Company Inc is a registered charity in United States, based in Hamburg, NY. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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, Lake Shore Volunteer Fire Company Inc reported income of $727k and spending of $646k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $660k to $727k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Shore Volunteer Fire Company Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Yates Transit Service Inc ($727k), Center for Youth Evangelism Inc ($727k) and National Charity League Newport Chapter ($727k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 77% of the total. At year end it held assets of $3.1m against liabilities of $28k, net assets of $3.1m.