Volney Volunteer Fire Corporation

Analysis

Volney Volunteer Fire Corporation is a registered charity in United States, based in Fulton, NY. It received its IRS tax-exemption ruling in October 2014, 12 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, Volney Volunteer Fire Corporation reported income of $582k and spending of $327k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $582k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 65% 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, Volney Volunteer Fire Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include White Horse Fire Company ($581k), Shenandoah Volunteer Fire Department ($582k) and Chalfont Chemical Fire Engine Company 1 ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 64% of the total. At year end it held assets of $2.5m against liabilities of $5,923, net assets of $2.5m.