Fire Companies of Malta Inc

Analysis

Fire Companies of Malta Inc is a registered charity in United States, based in Malta, NY. It received its IRS tax-exemption ruling in August 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, Fire Companies of Malta Inc reported income of $454k and spending of $274k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $502k to $454k (-9.6%), an average of -2.5% a year. Over the whole period it spent 61% 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, Fire Companies of Malta Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Mineral Wells VFD Inc ($454k), Burnham Fire Company ($454k) and Lower Currituck Volunteer Fire Dept Inc ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $4.0m against liabilities of $2.2m, net assets of $1.8m.