Ravenswood Volunteer Fire Department Inc

Analysis

Ravenswood Volunteer Fire Department Inc is a registered charity in United States, based in Ravenswood, WV. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Ravenswood Volunteer Fire Department Inc reported income of $246k and spending of $437k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $246k (+54%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 926%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ravenswood Volunteer Fire Department Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WV. Charities of a similar size with the same main cause include Justice High School Scholarship Fund ($246k), Belmond Area Arts Council Lyric Theatre ($246k) and No Longer Bound ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.3m against liabilities of $134k, net assets of $1.1m.