Somerville Volunteer Fire

Analysis

Somerville Volunteer Fire is a registered charity in United States, based in Somerville, ME. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Somerville Volunteer Fire reported income of $91k and spending of $81k, spending 88% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $75k to $91k (+22%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 88% 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, Somerville Volunteer Fire sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 28th percentile within ME. Charities of a similar size with the same main cause include Pine Terrace Fire Department ($91k), Dickeyville Paris Volunteer Fire Department Inc ($91k) and Liberty Volunteer Fire Department ($91k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.