Rapids Fire Co of Town of Lockport

Analysis

Rapids Fire Co of Town of Lockport is a registered charity in United States, based in Lockport, NY. It received its IRS tax-exemption ruling in August 2009, 17 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, Rapids Fire Co of Town of Lockport reported income of $865k and spending of $656k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $564k to $865k (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 91% 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, Rapids Fire Co of Town of Lockport sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Victoria Fire and Rescue Company Incorporated ($863k), Pleasant Gap Fire Co No 1 ($865k) and Darlington Volunteer Fire Company Incorporated ($861k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 78% of the total. At year end it held assets of $2.4m against liabilities of $785k, net assets of $1.6m.