Saranac Lake Volunteer Fire Company Inc

Analysis

Saranac Lake Volunteer Fire Company Inc is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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, Saranac Lake Volunteer Fire Company Inc reported income of $296k and spending of $267k, spending 90% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $213k to $296k (+39%), an average of +6.8% a year. The sharpest change came in the year to March 2024, when income rose by 41%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saranac Lake Volunteer Fire Company Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include California Association of Social Rehabilitation Agencies Inc ($296k), North Port Area Art Guild Inc ($296k) and Cary Imp Club Incorporated ($296k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $481k against liabilities of $71k, net assets of $410k.