Potter Volunteer Fire Departmentinc

Analysis

Potter Volunteer Fire Departmentinc is a registered charity in United States, based in Potter, WI. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Potter Volunteer Fire Departmentinc reported income of $51k and spending of $124k, spending 240% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $51k (-67%), an average of -67% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Potter Volunteer Fire Departmentinc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within WI. Charities of a similar size with the same main cause include Franklin County High School Baseball Club ($51k), Lackawanna Yemen Soccer Club Inc ($52k) and Bourbon Ecumenical Community Corporation ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 36% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.