Protective Co No1 of the Fairmount Fire Dept Inc

Analysis

Protective Co No1 of the Fairmount Fire Dept Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in August 1997, 29 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, Protective Co No1 of the Fairmount Fire Dept Inc reported income of $1.2m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $924k to $1.2m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 97% 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, Protective Co No1 of the Fairmount Fire Dept Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Washington Hose Co No 1 ($1.2m), Backcountry Discovery Routes ($1.2m) and First Responder Center for Excellence for Reducing Occupation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 89% of the total. At year end it held assets of $3.8m against liabilities of $158k, net assets of $3.6m.