Choconut Center Volunteer Fire Co Inc

Analysis

Choconut Center Volunteer Fire Co Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in November 2008, 18 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, Choconut Center Volunteer Fire Co Inc reported income of $208k and spending of $183k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $208k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 100% 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, Choconut Center Volunteer Fire Co Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Corolla Fire and Rescue Foundation ($207k), Shop on State Inc ($208k) and Volunteer Fire Department of Carroll Township ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $742k against liabilities of $738k, net assets of $3,680.