Galway Volunteer Fire Company Inc

Analysis

Galway Volunteer Fire Company Inc is a registered charity in United States, based in Galway, NY. It received its IRS tax-exemption ruling in September 2024, 2 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, Galway Volunteer Fire Company Inc reported income of $389k and spending of $381k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $389k (+5.1%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 91% 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, Galway Volunteer Fire Company Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Volunteer Fire Department Ofnorthshore ($389k), Fritz Institute ($389k) and Santa Rosa Fire Foundation ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 83% of the total. At year end it held assets of $3.0m against liabilities of $999k, net assets of $2.0m.