Brookneal Volunteer Fire Department Inc

Analysis

Brookneal Volunteer Fire Department Inc is a registered charity in United States, based in Brookneal, VA. It received its IRS tax-exemption ruling in July 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 June 2023, Brookneal Volunteer Fire Department Inc reported income of $162k and spending of $108k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $139k to $162k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 104% 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, Brookneal Volunteer Fire Department Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Perry TWP Volunteer Fire Department Inc ($162k), Fireshowswest First Responders Training and Education Foundation ($162k) and Volunteer Emergency Relief Inc ($162k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $1.1m against liabilities of $590, net assets of $1.1m.