Lebanon Volunteer Fire Department

Analysis

Lebanon Volunteer Fire Department is a registered charity in United States, based in Lebanon, CT. It received its IRS tax-exemption ruling in January 2008, 18 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, Lebanon Volunteer Fire Department reported income of $522k and spending of $579k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $436k to $522k (+20%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 98% 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, Lebanon Volunteer Fire Department sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Cold Water Volunteer Fire Department Inc ($522k), Broadway Volunteer Fire Department ($523k) and Badin Lake Volunteer Fire Departme ($521k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $16k (2.8% of expenses). Other salaries and wages came to $149k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 36 employees.