Letts Community Volunteer Fire Dept Inc

Analysis

Letts Community Volunteer Fire Dept Inc is a registered charity in United States, based in Greensburg, IN. It received its IRS tax-exemption ruling in March 2000, 26 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, Letts Community Volunteer Fire Dept Inc reported income of $1.9m and spending of $1.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $468k to $1.9m (+302%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 87% 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, Letts Community Volunteer Fire Dept Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Rachels Network Inc ($1.9m), Five Points Fire Co No 1 ($1.9m) and Bruce T Halle Assistance Fund ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $100k (5.9% of expenses). Other salaries and wages came to $722k. At year end it held assets of $1.6m against liabilities of $159k, net assets of $1.5m. It reported 33 employees.