Town of Binghamton Volunteer Fire Co Inc

Analysis

Town of Binghamton Volunteer Fire Co Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in April 2020, 6 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, Town of Binghamton Volunteer Fire Co Inc reported income of $351k and spending of $344k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $351k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 97% 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, Town of Binghamton Volunteer Fire Co Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Oakdale Area Fire Association ($351k), Kearsarge Fire Department ($351k) and Northeast Adams Fire & Ems ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 70% of the total. At year end it held assets of $1.1m against liabilities of $654k, net assets of $424k.