Southwood Volunteer Fire Department Inc

Analysis

Southwood Volunteer Fire Department Inc is a registered charity in United States, based in Jamesville, NY. It received its IRS tax-exemption ruling in July 2004, 22 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, Southwood Volunteer Fire Department Inc reported income of $493k and spending of $208k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $493k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 46%. 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, Southwood Volunteer Fire Department Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Oakland Volunteer Fire Department Inc ($492k), Jeb Stuart Volunteer Rescue Squad Inc ($493k) and House of Hope - International ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 58% of the total. At year end it held assets of $1.3m against liabilities of $3,958, net assets of $1.3m.