Canisteo Fire Company Inc

Analysis

Canisteo Fire Company Inc is a registered charity in United States, based in Canisteo, NY. It received its IRS tax-exemption ruling in January 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Canisteo Fire Company Inc reported income of $79k and spending of $77k, spending 97% of its income. Across the 5 years on record, from February 2020 to February 2024, income fell from $88k to $79k (-10%), an average of -2.6% a year. The sharpest change came in the year to February 2023, when income dropped by 42%. Over the whole period it spent 83% 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, Canisteo Fire Company Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Craig Beach Volunteer Fire Department Inc ($79k), Hawaiian Lifeguard Association ($79k) and Cressona Fire Company 1 ($79k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 44% of the total. At year end it held assets of $788k against liabilities of $163k, net assets of $625k.