Varna Volunteer Fire Company Inc

Analysis

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

In the financial year ending December 2022, Varna Volunteer Fire Company Inc reported income of $367k and spending of $257k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $283k to $367k (+30%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 59% 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, Varna Volunteer Fire Company Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Bart Township Fire Company ($367k), American Driver and Traffic Safety Education Association ($367k) and Ocracoke Fire Protection Assn Inc ($367k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $2.4m against liabilities of $220k, net assets of $2.2m.