Newbury Volunteer Fire Department Inc

Analysis

Newbury Volunteer Fire Department Inc is a registered charity in United States, based in Newbury, OH. 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, Newbury Volunteer Fire Department Inc reported income of $604k and spending of $627k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $369k to $604k (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 92% 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, Newbury Volunteer Fire Department Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Walnut Cove Volunteer Fire Department and Rescue Squad Incorp ($603k), Solomons Volunteer Rescue Squad and Fire Department Inc ($604k) and Royersford Fire Department ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $137k (22% of expenses). At year end it held assets of $1.8m against liabilities of $4,282, net assets of $1.8m. It reported 11 employees.