Bridgewater Volunteer Fire Department Inc

Analysis

Bridgewater Volunteer Fire Department Inc is a registered charity in United States, based in Bridgewater, VT. It received its IRS tax-exemption ruling in February 2005, 21 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, Bridgewater Volunteer Fire Department Inc reported income of $59k and spending of $78k, spending 132% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $188k to $59k (-69%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 98% 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, Bridgewater Volunteer Fire Department Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 15th percentile within VT. Charities of a similar size with the same main cause include California Rescue Dog Association ($59k), Ontario Fire Company ($59k) and Good Will Fire Department Inc C/O President ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.