Homeworth Volunteer Fire Department

Analysis

Homeworth Volunteer Fire Department is a registered charity in United States, based in Homeworth, OH. It received its IRS tax-exemption ruling in November 2016, 10 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, Homeworth Volunteer Fire Department reported income of $252k and spending of $195k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $252k (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 99%. Over the whole period it spent 60% 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, Homeworth Volunteer Fire Department sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include One Backpack Inc ($252k), Chaveirim Volunteer Services Inc ($252k) and Iron Ridge Fire Rescue ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.7m against liabilities of $347k, net assets of $1.4m.