Petersburg Volunteer Fire Company

Analysis

Petersburg Volunteer Fire Company is a registered charity in United States, based in Petersburg, WV. It received its IRS tax-exemption ruling in October 2023, 3 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 November 2023, Petersburg Volunteer Fire Company reported income of $268k and spending of $290k, spending 108% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $187k to $268k (+43%), an average of +9.3% a year. The sharpest change came in the year to November 2021, when income rose by 19%. Over the whole period it spent 115% 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, Petersburg Volunteer Fire Company sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within WV. Charities of a similar size with the same main cause include Round Hill Volunteer Fire and Rescue Department Inc ($267k), Westville Community Volunteer Fire Department Inc ($268k) and Terrys Corners Volunteer Fire Co Inc ($267k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $1.3m against liabilities of $501k, net assets of $812k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.