Summerfield Community Volunteer Fire Department

Analysis

Summerfield Community Volunteer Fire Department is a registered charity in United States, based in Summerfield, OH. It received its IRS tax-exemption ruling in December 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summerfield Community Volunteer Fire Department reported income of $292k and spending of $65k, leaving 78% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $243k to $292k (+20%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Summerfield Community Volunteer Fire Department sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Council of Biblical Manhood and Womanhood ($292k), Eskaton Frank Jaconetti Senior Manor ($292k) and St Lukes Nursing Home Foundation ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 85% of the total. At year end it held assets of $1.0m against liabilities of $161k, net assets of $844k.