Hastings Volunteer Fire Dept Inc

Analysis

Hastings Volunteer Fire Dept Inc is a registered charity in United States, based in Hastings, NY. It received its IRS tax-exemption ruling in April 2008, 18 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, Hastings Volunteer Fire Dept Inc reported income of $160k and spending of $196k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $496k to $160k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 54% 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, Hastings Volunteer Fire Dept Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include English Fire Department Inc ($160k), Eagle Fire Engine and Hose Company Number 1 2 3 ($161k) and Unicoi Volunteer Fire Department Incorporated ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 134% of the total. At year end it held assets of $1.6m against liabilities of $515k, net assets of $1.1m.