Town of Chemung Volunteer Fire Company Inc

Analysis

Town of Chemung Volunteer Fire Company Inc is a registered charity in United States, based in Chemung, NY. It received its IRS tax-exemption ruling in April 2022, 4 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, Town of Chemung Volunteer Fire Company Inc reported income of $120k and spending of $81k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $81k to $120k (+49%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 79% 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, Town of Chemung Volunteer Fire Company Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include North Bellmore Exempt Volunteer Firemens Benevolent Association in ($120k), Spring Creek Volunteer Fire Department Inc ($120k) and Weir Volunteer Fire Department Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 40% of the total. At year end it held assets of $788k against liabilities of $300k, net assets of $489k.