Canton Fire and Rescue Resources Corporation

Analysis

Canton Fire and Rescue Resources Corporation is a registered charity in United States, based in Canton, NY. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Canton Fire and Rescue Resources Corporation reported income of $155k and spending of $10k, leaving 93% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $26k to $155k (+500%), an average of +43% a year. The sharpest change came in the year to March 2024, when income rose by 509%. Over the whole period it spent 142% 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 and Rescue Resources Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Shackle Island Volunteer Fire Department Inc ($155k), Silver Creek Fire Department ($155k) and Lackawaxen Township Fire Commission Inc ($155k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 26% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.