Bloomingdale Volunteer Fire Company Inc

Analysis

Bloomingdale Volunteer Fire Company Inc is a registered charity in United States, based in Bloomingdale, NY. It received its IRS tax-exemption ruling in May 2008, 18 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, Bloomingdale Volunteer Fire Company Inc reported income of $147k and spending of $170k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $147k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 142% 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, Bloomingdale Volunteer Fire Company Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Lometa Volunteer Fire Dept ($147k), Armstrong Benefited Fire District ($147k) and California Volunteer Fire Dept ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $392k against liabilities of $146k, net assets of $246k.

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.