Shelby Volunteer Fire Company Inc

Analysis

Shelby Volunteer Fire Company Inc is a registered charity in United States, based in Medina, NY. It received its IRS tax-exemption ruling in December 1985, 41 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 November 2023, Shelby Volunteer Fire Company Inc reported income of $356k and spending of $398k, spending 112% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $253k to $356k (+40%), an average of +8.9% a year. The sharpest change came in the year to November 2020, when income rose by 20%. Over the whole period it spent 108% 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, Shelby 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 61st percentile within NY. Charities of a similar size with the same main cause include Budd Lake Volunteer Fire Department of Mount Olive Township ($356k), Cridersville Volunteer Fire Department ($356k) and Breezewood Fire Company ($356k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $2.2m against liabilities of $110k, net assets of $2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.