Waymart Volunteer Fire Company

Analysis

Waymart Volunteer Fire Company is a registered charity in United States, based in Waymart, PA. It received its IRS tax-exemption ruling in August 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waymart Volunteer Fire Company reported income of $194k and spending of $190k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $194k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 93% 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, Waymart Volunteer Fire Company sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include West Deer Township Volunteer Fire Department No 1 ($194k), Old Ford Volunteer Fire Dept Inc ($194k) and Tyrone Volunteer Fire Company Inc ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $388k against liabilities of $80k, net assets of $308k.