Chip Terry Fund for First Responders Inc

Analysis

Chip Terry Fund for First Responders Inc is a registered charity in United States, based in California, KY. It received its IRS tax-exemption ruling in February 2019, 7 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, Chip Terry Fund for First Responders Inc reported income of $145k and spending of $148k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $145k (+165%), an average of +165% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 102% 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, Chip Terry Fund for First Responders Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within KY. Charities of a similar size with the same main cause include Wax Volunteer Fire Department Inc ($145k), Community Fire Company of Seven Valleys Inc ($145k) and Massena Fire Department ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 6.3% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.