Galax Volunteer Fire Department Incorporated

Analysis

Galax Volunteer Fire Department Incorporated is a registered charity in United States, based in Galax, VA. It received its IRS tax-exemption ruling in May 2015, 11 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, Galax Volunteer Fire Department Incorporated reported income of $411k and spending of $262k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $411k (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 79% 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, Galax Volunteer Fire Department Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Madera Volunteer Fire Company Inc ($410k), New Washington Volunteer Fire Department Inc ($411k) and Patterson Volunteer Fire Departmentinc ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $765k against liabilities of $0, net assets of $765k.