Cooperstown Volunteer Fire Co

Analysis

Cooperstown Volunteer Fire Co is a registered charity in United States, based in Cooperstown, PA. It received its IRS tax-exemption ruling in November 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cooperstown Volunteer Fire Co reported income of $106k and spending of $75k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $106k (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 51% 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, Cooperstown Volunteer Fire Co sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Sharon Volunteer Fire Dept ($106k), Pierre Rural Fire Department Inc ($106k) and Stone Creek Volunteer Fire Department ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.