Belmont Fire Company Inc

Analysis

Belmont Fire Company Inc is a registered charity in United States, based in Belmont, NY. It received its IRS tax-exemption ruling in October 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 December 2022, Belmont Fire Company Inc reported income of $63k and spending of $42k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $19k to $63k (+235%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 219%. 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, Belmont Fire Company Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Hainesville Volunteer Fire Department Inc ($63k), Mat-Sar ($63k) and Dawn ($63k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.