Potsdam Volunteer Fire Department Inc

Analysis

Potsdam Volunteer Fire Department Inc is a registered charity in United States, based in Potsdam, NY. It received its IRS tax-exemption ruling in June 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 (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, Potsdam Volunteer Fire Department Inc reported income of $216k and spending of $262k, spending 121% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $170k to $216k (+27%), an average of +4.9% a year. The sharpest change came in the year to March 2022, when income rose by 84%. Over the whole period it spent 101% 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, Potsdam Volunteer Fire Department Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Pine Mountain Volunteer Fire & Ems Dist Inc ($215k), Thompsontown Volunteer Fire Company ($216k) and Chalybeate Volunteer Fire Department ($215k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 78% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $1,000 (0.4% of expenses). At year end it held assets of $1.6m against liabilities of $198k, net assets of $1.5m.