Old Forge Volunteer Fire Department Inc

Analysis

Old Forge Volunteer Fire Department Inc is a registered charity in United States, based in Old Forge, NY. It received its IRS tax-exemption ruling in February 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, Old Forge Volunteer Fire Department Inc reported income of $348k and spending of $319k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $394k to $348k (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income rose by 321%. Over the whole period it spent 83% 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, Old Forge Volunteer Fire Department Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Whitehall Fire Company ($348k), Franklin Township Volunteer Fire Company ($348k) and Imsa Southeastern Section ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $9,000 (2.8% of expenses). At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 1 employees.