Glasgow Volunteer Fire Department

Analysis

Glasgow Volunteer Fire Department is a registered charity in United States, based in Glasgow, VA. It received its IRS tax-exemption ruling in September 2022, 4 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 June 2023, Glasgow Volunteer Fire Department reported income of $322k and spending of $357k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $205k to $322k (+57%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 112% 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, Glasgow Volunteer Fire Department sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Kohlsville Vol Fire Dept ($322k), Perkasie Fire Company No 1 ($323k) and Green Hill Volunteer Fire Department ($322k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $549k against liabilities of $749k, net assets of -$200k.

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.