Clay Volunteer Fire Department Inc

Analysis

Clay Volunteer Fire Department Inc is a registered charity in United States, based in Clay, NY. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Clay Volunteer Fire Department Inc reported income of $1.1m and spending of $897k, spending 84% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $907k to $1.1m (+18%), an average of +5.8% a year. The sharpest change came in the year to March 2021, when income rose by 16%. Over the whole period it spent 86% 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, Clay Volunteer Fire Department 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 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include The Friendship Hose Company No 1 of Newville Pa ($1.1m), Weston Volunteer Fire Dept Inc ($1.1m) and Blazing Arrow Hook & Ladder Co ($1.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. At year end it held assets of $4.5m against liabilities of $895k, net assets of $3.6m.