Franklin Volunteer Fire Department

Analysis

Franklin Volunteer Fire Department is a registered charity in United States, based in Franklin, WV. It received its IRS tax-exemption ruling in October 2017, 9 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 December 2023, Franklin Volunteer Fire Department reported income of $304k and spending of $250k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $304k (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 88% 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, Franklin Volunteer Fire Department sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within WV. Charities of a similar size with the same main cause include Three Oaks Emergency Vehicle Association ($303k), Hinton Fire Rescue ($304k) and Washington Bottom Volunteer Fire Dept Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $658k against liabilities of $54k, net assets of $604k.