Canastota Volunteer Fire Company Inc

Analysis

Canastota Volunteer Fire Company Inc is a registered charity in United States, based in Canastota, NY. It received its IRS tax-exemption ruling in February 2015, 11 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 March 2024, Canastota Volunteer Fire Company Inc reported income of $65k and spending of $64k, spending 99% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $64k to $65k (+1.6%), an average of +1.6% a year. Over the whole period it spent 99% 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, Canastota Volunteer Fire Company Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Relief Association of the Clarks Summit Fire Co No 1 ($65k), Diligent Fire Co 3 ($65k) and Red Oak Volunteer Fire & Rescue ($65k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 51% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.