Gaston Volunteer Fire Dept Inc

Analysis

Gaston Volunteer Fire Dept Inc is a registered charity in United States, based in Gaston, IN. It received its IRS tax-exemption ruling in August 2024, 2 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, Gaston Volunteer Fire Dept Inc reported income of $316k and spending of $343k, spending 109% of what it took in. Across the 2 years on record, from December 2020 to December 2023, income grew from $139k to $316k (+127%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 94% 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, Gaston Volunteer Fire Dept Inc 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 IN. Charities of a similar size with the same main cause include Hampden Township Volunteer Firefighters Relief Association ($315k), Evans Center Volunteer Fire Co Inc ($316k) and Gateswood Volunteer Fire Department ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $489k against liabilities of $255k, net assets of $235k.