Corsica Volunteer Fire Company

Analysis

Corsica Volunteer Fire Company is a registered charity in United States, based in Corsica, PA. It received its IRS tax-exemption ruling in October 2002, 24 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, Corsica Volunteer Fire Company reported income of $373k and spending of $124k, leaving 67% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $195k to $373k (+91%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 296%. Over the whole period it spent 59% 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, Corsica Volunteer Fire Company sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Josephine Volunteer Fire Department Inc ($373k), Geeseytown Community Fire Company ($374k) and South Lexington Vol Fire Department Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 0.7% of the total. At year end it held assets of $374k against liabilities of $0, net assets of $374k.