Wales Center Volunteer Fire Co Inc

Analysis

Wales Center Volunteer Fire Co Inc is a registered charity in United States, based in Wales Center, NY. It received its IRS tax-exemption ruling in April 2011, 15 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 March 2023, Wales Center Volunteer Fire Co Inc reported income of $232k and spending of $231k, spending 100% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $203k to $232k (+14%), an average of +4.5% a year. The sharpest change came in the year to March 2021, when income rose by 32%. Over the whole period it spent 70% 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, Wales Center Volunteer Fire Co Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Ringgold Area Volunteer Fire Company ($232k), The Harney Volunteer Fire Company Incorporated ($232k) and Saxeville-Springwater Vol Fire Engine Co ($232k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $1.7m against liabilities of $457k, net assets of $1.2m.