South Wales Volunteer Fire Co Inc Olean Road

Analysis

South Wales Volunteer Fire Co Inc Olean Road is a registered charity in United States, based in South Wales, NY. It received its IRS tax-exemption ruling in May 2014, 12 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, South Wales Volunteer Fire Co Inc Olean Road reported income of $116k and spending of $57k, leaving 51% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $54k to $116k (+117%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 69% 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, South Wales Volunteer Fire Co Inc Olean Road sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Symi-Fr Inc ($116k), North Merrick Fire Departmentincorporated ($116k) and Conemaugh Vol Fire Company ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.