Volunteer Fire Company of Vernon Inc

Analysis

Volunteer Fire Company of Vernon Inc is a registered charity in United States, based in Vernon, NY. It received its IRS tax-exemption ruling in November 2006, 20 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, Volunteer Fire Company of Vernon Inc reported income of $176k and spending of $161k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $176k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 104% 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, Volunteer Fire Company of Vernon Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Burlington Vol Fire Dept Inc ($176k), Oak Island Double Bayou Volunteer Fire Department ($176k) and The Mission to Serve Inc ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 90% of the total. At year end it held assets of $614k against liabilities of $0, net assets of $614k.