Altavista Volunteer Fire Company Inc

Analysis

Altavista Volunteer Fire Company Inc is a registered charity in United States, based in Altavista, VA. It received its IRS tax-exemption ruling in August 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 June 2023, Altavista Volunteer Fire Company Inc reported income of $343k and spending of $406k, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $247k to $343k (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 91% 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, Altavista Volunteer Fire Company Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Eastern Greene Fire Protection Territory Corporation ($342k), Leechburg Volunteer Fire Company ($343k) and Houtzdale Ramey Emergency Medical Service ($342k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $1,540 (0.4% of expenses). Other salaries and wages came to $51k. At year end it held assets of $1.7m against liabilities of $308k, net assets of $1.4m.