Town of Colesville Fire Company 1 Inc

Analysis

Town of Colesville Fire Company 1 Inc is a registered charity in United States, based in Harpursville, NY. It received its IRS tax-exemption ruling in June 2004, 22 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, Town of Colesville Fire Company 1 Inc reported income of $169k and spending of $184k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $169k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 110% 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, Town of Colesville Fire Company 1 Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Wattsville Volunteer Fire Dept Inc ($169k), Loveland Community Fire Fighters Association ($169k) and N C Fallen Firefighters Foundation ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 66% of the total. At year end it held assets of $1.0m against liabilities of $537k, net assets of $466k.

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.