Springs Fire Department Inc

Analysis

Springs Fire Department Inc is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in November 2021, 5 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, Springs Fire Department Inc reported income of $174k and spending of $67k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $248k to $174k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 33% 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, Springs Fire Department Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Jim Ned Volunteer Fire Department Incorporated ($174k), Monaghan Township Volunteer Fire Company ($174k) and Upper West Fork Volunteer Fire Department ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $6,500. At year end it held assets of $532k against liabilities of $0, net assets of $532k.