New Point Volunteer Fire Department

Analysis

New Point Volunteer Fire Department is a registered charity in United States, based in New Point, IN. It received its IRS tax-exemption ruling in March 2003, 23 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, New Point Volunteer Fire Department reported income of $74k and spending of $101k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $100k to $74k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 90% 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, New Point Volunteer Fire Department sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within IN. Charities of a similar size with the same main cause include New Liberty Volunteer Fire Department Incorporated ($74k), Mountain Lodge Park Fire Company Inc ($74k) and Northwest Indiana District 1 Firefighter Training Council Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $554k against liabilities of $0, net assets of $554k.