Glasco Fire Co

Analysis

Glasco Fire Co is a registered charity in United States, based in Glasco, NY. It received its IRS tax-exemption ruling in February 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glasco Fire Co reported income of $139k and spending of $98k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $139k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 66% 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, Glasco Fire Co sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Duval District Volunteer Fire Department Inc ($139k), Lancaster City Police Foundation ($139k) and Reliance Hose Co No 1 ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $525k against liabilities of $0, net assets of $525k.