Volunteer and Exempt Firemens Benevolent Association of Malverne

Analysis

Volunteer and Exempt Firemens Benevolent Association of Malverne is a registered charity in United States, based in Malverne, NY. It received its IRS tax-exemption ruling in November 2011, 15 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, Volunteer and Exempt Firemens Benevolent Association of Malverne reported income of $91k and spending of $44k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $91k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 42% 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, Volunteer and Exempt Firemens Benevolent Association of Malverne sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Independent Fire Co No 1 ($91k), Resilience Action Fund Inc ($92k) and Cottonwood Shores Volunteer Fire Department ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 78% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.