Terrys Corners Volunteer Fire Co Inc

Analysis

Terrys Corners Volunteer Fire Co Inc is a registered charity in United States, based in Gasport, NY. It received its IRS tax-exemption ruling in April 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 September 2024, Terrys Corners Volunteer Fire Co Inc reported income of $267k and spending of $235k, spending 88% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $263k to $267k (+1.6%), an average of +0.3% a year. The sharpest change came in the year to September 2024, when income rose by 19%. Over the whole period it spent 103% 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, Terrys Corners Volunteer Fire Co Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Pound Ridge Fire Department Inc ($267k), Round Hill Volunteer Fire and Rescue Department Inc ($267k) and Knox Volunteer Fire Company ($267k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 2.2% and program service revenue 59% of the total. It paid $1,600 in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $754k, net assets of $939k.