Iola and Rural Fire Department and Ambulance Service Inc

Analysis

Iola and Rural Fire Department and Ambulance Service Inc is a registered charity in United States, based in Iola, WI. It received its IRS tax-exemption ruling in April 1995, 31 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, Iola and Rural Fire Department and Ambulance Service Inc reported income of $601k and spending of $477k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $492k to $601k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 97% 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, Iola and Rural Fire Department and Ambulance Service Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include Clearspring Volunteer Fire Company Incorporated ($600k), Silver Hill Volunteer Fire Department and Rescue Squad Inc ($602k) and Longmeadow Volunteer Fire Company Inc ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 91% of the total. Other salaries and wages came to $256k. At year end it held assets of $677k against liabilities of $13k, net assets of $665k. It reported 57 employees.