Low Moor Volunteer Fire Department

Analysis

Low Moor Volunteer Fire Department is a registered charity in United States, based in Low Moor, IA. It received its IRS tax-exemption ruling in August 1979, 47 years ago. 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 March 2023, Low Moor Volunteer Fire Department reported income of $57k and spending of $74k, spending 130% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $94k to $57k (-39%), an average of -15% a year. The sharpest change came in the year to March 2022, when income rose by 50%. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Low Moor Volunteer Fire Department sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($57k), Complete International ($57k) and Elks Veterans Bunker ($57k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 41% and program service revenue 50% of the total. Other salaries and wages came to $4,280. At year end it held assets of $634k against liabilities of $276k, net assets of $357k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.