Newstead Fire Company

Analysis

Newstead Fire Company is a registered charity in United States, based in Akron, NY. It received its IRS tax-exemption ruling in December 2005, 21 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, Newstead Fire Company reported income of $595k and spending of $353k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $439k to $595k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 64% 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, Newstead Fire Company sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include National Drowning Prevention Alliance ($595k), Topton Volunteer Fire Company No 1 ($596k) and Zamzam Foundation Inc ($594k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 75% of the total. At year end it held assets of $2.4m against liabilities of $281k, net assets of $2.1m.