McGaheysville Volunteer Fire Company Inc

Analysis

McGaheysville Volunteer Fire Company Inc is a registered charity in United States, based in McGaheysville, VA. It received its IRS tax-exemption ruling in May 2007, 19 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, McGaheysville Volunteer Fire Company Inc reported income of $289k and spending of $189k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $476k to $289k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 68% 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, McGaheysville Volunteer Fire Company Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Hurlock Volunteer Fire Company ($289k), Cascadia Region Earthquake Workgrou P ($289k) and Gerton Volunteer Fire Department and Rescue Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 7.8% of the total. At year end it held assets of $5.9m against liabilities of $145k, net assets of $5.8m.