Lake of the Woods Volunteer Fire & Rescue Company Inc

Analysis

Lake of the Woods Volunteer Fire & Rescue Company Inc is a registered charity in United States, based in Locust Grove, VA. It received its IRS tax-exemption ruling in May 2008, 18 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 2024, Lake of the Woods Volunteer Fire & Rescue Company Inc reported income of $519k and spending of $443k, spending 85% of its income. Across the 6 years on record, from April 2020 to June 2024, income grew from $414k to $519k (+26%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 776%. Over the whole period it spent 65% 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, Lake of the Woods Volunteer Fire & Rescue Company Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Smithsburg Community Volunteer Fire Company ($518k), College Park Volunteer Fire Department Inc ($520k) and Belews Creek Volunteer Fire and Rescue Department Inc ($518k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% of the total. At year end it held assets of $3.1m against liabilities of $1,725, net assets of $3.1m.