Valley Stream Fire Department Inc

Analysis

Valley Stream Fire Department Inc is a registered charity in United States, based in Valley Stream, NY. It received its IRS tax-exemption ruling in April 2015, 11 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 May 2024, Valley Stream Fire Department Inc reported income of $282k and spending of $306k, spending 108% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $223k to $282k (+27%), an average of +6.1% a year. The sharpest change came in the year to May 2022, when income rose by 46%. Over the whole period it spent 99% 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, Valley Stream Fire Department Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Southeast Colorado Regional Trauma & Ems Advisory Council Inc ($282k), Association of Firearm & Tool Mark Examiners ($283k) and Illinois Association for Floodplain and Stormwater Management ($282k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 49% of the total. Compensation of current officers, directors and key employees was $12k (3.9% of expenses). At year end it held assets of $325k against liabilities of $203k, net assets of $121k.

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.