Adams Fire Company Inc

Analysis

Adams Fire Company Inc is a registered charity in United States, based in N Tonawanda, NY. It received its IRS tax-exemption ruling in February 1998, 28 years ago. 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, Adams Fire Company Inc reported income of $353k and spending of $302k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $472k to $353k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adams Fire Company Inc sits at the 63rd percentile: it is larger than about 63% 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 Ettrick-Matoaca Rescue Squad Inc ($353k), Gamma Beta Phi Society ($353k) and Citrus County Family Resource Center Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 80% of the total. At year end it held assets of $1.4m against liabilities of $750k, net assets of $647k.