Inlet Volunteer Emergency Services Inc

Analysis

Inlet Volunteer Emergency Services Inc is a registered charity in United States, based in Inlet, NY. It received its IRS tax-exemption ruling in May 2003, 23 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 2023, Inlet Volunteer Emergency Services Inc reported income of $561k and spending of $513k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $297k to $561k (+89%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 75% 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, Inlet Volunteer Emergency Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Lowville Fire Dept Inc ($560k), Tryonota Volunteer Fire Department Inc ($561k) and West Hills Regional Fire Department Inc ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 60% of the total. Other salaries and wages came to $151k. At year end it held assets of $1.7m against liabilities of $172k, net assets of $1.6m. It reported 8 employees.