Riverheads Volunteer Fire Department Inc

Analysis

Riverheads Volunteer Fire Department Inc is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in January 2012, 14 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, Riverheads Volunteer Fire Department Inc reported income of $95k and spending of $131k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $95k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 120% 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, Riverheads Volunteer Fire Department Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Houghton Volunteer Ambulance Service Inc ($95k), Triangle Volunteer Fire Department ($95k) and Dunbar Volunteer Fire Company 1 ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $510k against liabilities of $153k, net assets of $357k.

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.