Bright Volunteer Fire Co Inc

Analysis

Bright Volunteer Fire Co Inc is a registered charity in United States, based in Lawrenceburg, IN. It received its IRS tax-exemption ruling in January 2015, 11 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, Bright Volunteer Fire Co Inc reported income of $986k and spending of $832k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $756k to $986k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 93% 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, Bright Volunteer Fire Co Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Shenandoah Community Ambulance Association ($985k), Walk San Francisco Foundation ($987k) and Egypt Fire Association Inc ($977k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $159k (19% of expenses). Other salaries and wages came to $205k. At year end it held assets of $1.6m against liabilities of $2,866, net assets of $1.6m. It reported 26 employees.