Block Island Volunteer Fire and Rescue Department

Analysis

Block Island Volunteer Fire and Rescue Department is a registered charity in United States, based in Block Island, RI. It received its IRS tax-exemption ruling in February 1974, 52 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, Block Island Volunteer Fire and Rescue Department reported income of $766k and spending of $545k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $766k (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 85%. 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, Block Island Volunteer Fire and Rescue Department sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within RI. Charities of a similar size with the same main cause include Walker Township Fire Company ($765k), The Groton Volunteer Firefighters Association Inc ($767k) and Old Forge Volunteer Ambulance Corps Inc ($765k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $10k (1.9% of expenses). At year end it held assets of $848k against liabilities of $23k, net assets of $824k. It reported 1 employees.