Memorial Volunteer Fire Company of Chaffee Sardinia

Analysis

Memorial Volunteer Fire Company of Chaffee Sardinia is a registered charity in United States, based in Chaffee, NY. It received its IRS tax-exemption ruling in September 2007, 19 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, Memorial Volunteer Fire Company of Chaffee Sardinia reported income of $357k and spending of $325k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $357k (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income dropped by 29%. 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, Memorial Volunteer Fire Company of Chaffee Sardinia sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include East Gold Hill VFD Inc ($356k), Snohomish County Volunteer Search & Rescue Unit Inc ($357k) and Safe 2 School ($356k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 89% of the total. At year end it held assets of $1.7m against liabilities of $23k, net assets of $1.7m.