Gerry Volunteer Fire Dept Inc

Analysis

Gerry Volunteer Fire Dept Inc is a registered charity in United States, based in Gerry, NY. It received its IRS tax-exemption ruling in July 1953, 73 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 December 2023, Gerry Volunteer Fire Dept Inc reported income of $257k and spending of $185k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $257k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 322%. Over the whole period it spent 57% 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, Gerry Volunteer Fire Dept Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Richlandtown Fire Company ($257k), Crystal Beach Volunteer Fire Department Inc ($257k) and Belmont Volunteer Fire Department Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $2,600 (1.4% of expenses). At year end it held assets of $929k against liabilities of $0, net assets of $929k.