Ionia Volunteer Fire Company Inc

Analysis

Ionia Volunteer Fire Company Inc is a registered charity in United States, based in Ionia, NY. It received its IRS tax-exemption ruling in March 2016, 10 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, Ionia Volunteer Fire Company Inc reported income of $116k and spending of $100k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $328k to $116k (-65%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 62% 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, Ionia Volunteer Fire Company Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include North Merrick Fire Departmentincorporated ($116k), Hatfield Volunteer Firefighters Relief Association ($116k) and South Wales Volunteer Fire Co Inc Olean Road ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 81% of the total. At year end it held assets of $716k against liabilities of $549, net assets of $716k.