Saxeville-Springwater Vol Fire Engine Co

Analysis

Saxeville-Springwater Vol Fire Engine Co is a registered charity in United States, based in Saxeville, WI. It received its IRS tax-exemption ruling in August 2017, 9 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, Saxeville-Springwater Vol Fire Engine Co reported income of $232k and spending of $298k, spending 129% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income fell from $257k to $232k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 234%. Over the whole period it spent 128% 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, Saxeville-Springwater Vol Fire Engine Co sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within WI. Charities of a similar size with the same main cause include Cornplanter Township Volunteer Fire Department ($232k), Ringgold Area Volunteer Fire Company ($232k) and Ascension Community Awareness Emergency Response Committee ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $12k (4.0% of expenses). Other salaries and wages came to $33k. At year end it held assets of $742k against liabilities of $988k, net assets of -$246k. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.