The Groton Volunteer Firefighters Association Inc

Analysis

The Groton Volunteer Firefighters Association Inc is a registered charity in United States, based in Groton, NY. It received its IRS tax-exemption ruling in September 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, The Groton Volunteer Firefighters Association Inc reported income of $767k and spending of $692k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $593k to $767k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 93% 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, The Groton Volunteer Firefighters Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Block Island Volunteer Fire and Rescue Department ($766k), Banks District Volunteer Fire Department Inc ($767k) and Walker Township Fire Company ($765k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $7,900 (1.1% of expenses). At year end it held assets of $2.1m against liabilities of $42k, net assets of $2.0m.