Phelps Volunteer Fire Department Inc

Analysis

Phelps Volunteer Fire Department Inc is a registered charity in United States, based in Phelps, NY. It received its IRS tax-exemption ruling in May 2004, 22 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, Phelps Volunteer Fire Department Inc reported income of $71k and spending of $85k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $45k to $71k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 145% 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, Phelps Volunteer Fire Department Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Lake County Fire Chiefs Association Inc ($71k), Fair Play Fire Department Inc ($71k) and Shippingport Vol Fire Co ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $597k against liabilities of $0, net assets of $597k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.