Middleport Volunteer Fire Company No 1 Inc

Analysis

Middleport Volunteer Fire Company No 1 Inc is a registered charity in United States, based in Middleport, NY. It received its IRS tax-exemption ruling in May 1988, 38 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 March 2024, Middleport Volunteer Fire Company No 1 Inc reported income of $451k and spending of $371k, spending 82% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $312k to $451k (+45%), an average of +9.7% a year. The sharpest change came in the year to March 2024, when income rose by 177%. Over the whole period it spent 94% 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, Middleport Volunteer Fire Company No 1 Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include New River Volunteer Fire and Rescue Department Inc ($450k), Clinton Fire Department ($451k) and Cambria Volunteer Fire Co ($450k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $4,900 (1.3% of expenses). At year end it held assets of $1.9m against liabilities of $502k, net assets of $1.4m.