Swormville Fire Company Inc

Analysis

Swormville Fire Company Inc is a registered charity in United States, based in East Amherst, NY. It received its IRS tax-exemption ruling in May 2023, 3 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, Swormville Fire Company Inc reported income of $1.0m and spending of $503k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $816k to $1.0m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 60% 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, Swormville Fire Company Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Harris Hill Volunteer Fire Co Inc ($1.0m), Windber Fire Company No 1 ($1.0m) and Parkway Fire & Rescue Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 70% of the total. At year end it held assets of $5.7m against liabilities of $104k, net assets of $5.6m.