Arcola Volunteer Fire Department Inc

Analysis

Arcola Volunteer Fire Department Inc is a registered charity in United States, based in Arcola, IN. It received its IRS tax-exemption ruling in January 1985, 41 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, Arcola Volunteer Fire Department Inc reported income of $1.0m and spending of $836k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $1.0m (+1009%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 415%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arcola Volunteer Fire Department Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Jamaica Plain Community Centers Inc ($1.0m), Beatrice Retirement Inc ($1.0m) and United Church Residences of Fort Wayne Indiana Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 3.7% of the total. At year end it held assets of $2.3m against liabilities of $181k, net assets of $2.1m.