Richwood Volunteer Fire Department Inc

Analysis

Richwood Volunteer Fire Department Inc is a registered charity in United States, based in Richwood, WV. It received its IRS tax-exemption ruling in August 1976, 50 years ago. 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, Richwood Volunteer Fire Department Inc reported income of $136k and spending of $184k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $136k (+6.3%), an average of +6.3% a year. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richwood Volunteer Fire Department Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within WV. Charities of a similar size with the same main cause include Powell County Senior Citizens Inc ($136k), Kulm Ambulance Corps Inc ($136k) and Little League Baseball Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $463k against liabilities of $327k, net assets of $136k.