Adams Fire Corporation

Analysis

Adams Fire Corporation is a registered charity in United States, based in Adams, NY. It received its IRS tax-exemption ruling in May 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 March 2024, Adams Fire Corporation reported income of $75k and spending of $31k, leaving 58% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $63k to $75k (+18%), an average of +18% a year. The sharpest change came in the year to March 2024, when income rose by 18%. Over the whole period it spent 39% 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, Adams Fire Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Gibbsboro Fire Company No 1 ($75k), Union Beach First Aid Squad Inc ($75k) and Muhlenberg County Fire Department Graham Division Inc ($75k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 10.0% of the total. At year end it held assets of $352k against liabilities of $0, net assets of $352k.