Lake George Volunteer Fire Company Inc

Analysis

Lake George Volunteer Fire Company Inc is a registered charity in United States, based in Lake George, NY. It received its IRS tax-exemption ruling in June 1998, 28 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, Lake George Volunteer Fire Company Inc reported income of $139k and spending of $108k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $139k (+9.0%), an average of +9.0% a year. Over the whole period it spent 83% 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, Lake George Volunteer Fire Company Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Harris Corner Fire Department Inc ($139k), Mannington Township Fire Co C/O Robert Stoms ($139k) and East Millstone First Aid Squad ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $529k against liabilities of $9, net assets of $529k.