Canton Fire Corporation

Analysis

Canton Fire Corporation is a registered charity in United States, based in Canton, NY. It received its IRS tax-exemption ruling in October 2005, 21 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 March 2024, Canton Fire Corporation reported income of $224k and spending of $281k, spending 125% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $85k to $224k (+164%), an average of +21% a year. The sharpest change came in the year to March 2020, when income rose by 339%. Over the whole period it spent 156% 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, Canton Fire Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Northampton Fire & Rescue Inc ($224k), Oronoco Fire Fighters Relief Assoc ($224k) and Bassett Volunteer Fire Company Incorporated ($224k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 5.3% and program service revenue 87% of the total. At year end it held assets of $1.5m against liabilities of $241k, net assets of $1.3m.