Gardner Lake Volunteer Fire Co Inc

Analysis

Gardner Lake Volunteer Fire Co Inc is a registered charity in United States, based in Salem, CT. It received its IRS tax-exemption ruling in July 2005, 21 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, Gardner Lake Volunteer Fire Co Inc reported income of $393k and spending of $348k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $370k to $393k (+6.4%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 111% 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, Gardner Lake Volunteer Fire Co Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Mine Brook Search & Rescue ($393k), Greenfield Township Volunteer Fire Company ($393k) and Vigo Township Volunteer Fire Department Inc ($393k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $9,000 (2.6% of expenses). At year end it held assets of $760k against liabilities of $42k, net assets of $718k.