Bolivar Volunteer Fire Department Inc

Analysis

Bolivar Volunteer Fire Department Inc is a registered charity in United States, based in Bolivar, OH. It received its IRS tax-exemption ruling in April 1977, 49 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bolivar Volunteer Fire Department Inc reported income of $967k and spending of $1.3m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $677k to $967k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 98% 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, Bolivar Volunteer Fire Department Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Purcellville Volunteer Fire Department Incorporated ($966k), International Society of Fire Service Instructors ($967k) and The Foundation United ($963k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $134k (10% of expenses). Other salaries and wages came to $550k. At year end it held assets of $1.5m against liabilities of $1,176, net assets of $1.5m. It reported 42 employees.