Farley Volunteer Fire Department

Analysis

Farley Volunteer Fire Department is a registered charity in United States, based in Farley, IA. It received its IRS tax-exemption ruling in December 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 December 2023, Farley Volunteer Fire Department reported income of $85k and spending of $22k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $85k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 52% 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, Farley Volunteer Fire Department sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within IA. Charities of a similar size with the same main cause include Keren Mordechai Zev Inc ($85k), Valley Grande Volunteer Fire Dept ($85k) and Convergint Cares Foundation ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $514k against liabilities of $0, net assets of $514k.