Mathews Volunteer Fire Department Inc

Analysis

Mathews Volunteer Fire Department Inc is a registered charity in United States, based in Mathews, VA. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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, Mathews Volunteer Fire Department Inc reported income of $561k and spending of $355k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $532k to $561k (+5.5%), an average of +1.3% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mathews Volunteer Fire Department Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Amateur Athletic Untion of the United States Inc ($561k), The Friends of Rickwood Field ($562k) and Fame Housing Corporation ($561k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $2.7m against liabilities of $22k, net assets of $2.6m.