Wolcottsville Volunteer Fire Company Inc

Analysis

Wolcottsville Volunteer Fire Company Inc is a registered charity in United States, based in Akron, NY. It received its IRS tax-exemption ruling in May 2013, 13 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, Wolcottsville Volunteer Fire Company Inc reported income of $229k and spending of $183k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $229k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 104% 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, Wolcottsville Volunteer Fire Company Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Sacramento Community Fire Company ($229k), Louisiana Troopers Charities Inc ($229k) and Espy Fire Company ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $509k against liabilities of $264k, net assets of $245k.