Middleway Volunteer Fire Company Inc

Analysis

Middleway Volunteer Fire Company Inc is a registered charity in United States, based in Summit Point, WV. It received its IRS tax-exemption ruling in April 2008, 18 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, Middleway Volunteer Fire Company Inc reported income of $835k and spending of $463k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $835k (+188%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 106% 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, Middleway Volunteer Fire Company Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within WV. Charities of a similar size with the same main cause include Silverton First Aid Squad Inc ($834k), Texas Equusearch ($838k) and Empire Friendship Firefighters Association ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 5.5% of the total. Other salaries and wages came to $23k. At year end it held assets of $1.9m against liabilities of $762k, net assets of $1.2m. It reported 17 employees.