Powhatan Volunteer Fire Department Inc

Analysis

Powhatan Volunteer Fire Department Inc is a registered charity in United States, based in Powhatan, VA. It received its IRS tax-exemption ruling in August 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Powhatan Volunteer Fire Department Inc reported income of $56k and spending of $53k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $56k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 98% 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, Powhatan Volunteer Fire Department Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Waldo Volunteer Fire Department ($56k), Johnsburg Volunteer Fire Co Inc ($56k) and Ridge Culver Volunteer Fire Association Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $177k against liabilities of $0, net assets of $177k.