Prudence Island Volunteer Fire Dept

Analysis

Prudence Island Volunteer Fire Dept is a registered charity in United States, based in Prudence Isl, RI. It received its IRS tax-exemption ruling in February 2009, 17 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, Prudence Island Volunteer Fire Dept reported income of $272k and spending of $227k, spending 84% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $244k to $272k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2021, when income rose by 146%. Over the whole period it spent 88% 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, Prudence Island Volunteer Fire Dept sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 56th percentile within RI. Charities of a similar size with the same main cause include Port Oconner Volunteer Fire Department ($272k), Greensburg Fire Department ($272k) and Silver Lake Volunteer Fire Departmant Inc ($272k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $37k. At year end it held assets of $418k against liabilities of $12k, net assets of $406k. It reported 3 employees.