New Madison Community Volunteer Fire Department Incorporated

Analysis

New Madison Community Volunteer Fire Department Incorporated is a registered charity in United States, based in New Madison, OH. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, New Madison Community Volunteer Fire Department Incorporated reported income of $329k and spending of $349k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $329k (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Madison Community Volunteer Fire Department Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Metropolitan Housing Development Corporation ($329k), Collier County One Hundred Club Inc ($329k) and Five Loaves Food and Clothing Center Inc ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 82% of the total. At year end it held assets of $2.6m against liabilities of $1.1m, net assets of $1.5m.