Eldridge Volunteer Fire Co

Analysis

Eldridge Volunteer Fire Co is a registered charity in United States, based in Eldridge, IA. It received its IRS tax-exemption ruling in February 2011, 15 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, Eldridge Volunteer Fire Co reported income of $361k and spending of $314k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $361k (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 87% 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, Eldridge Volunteer Fire Co sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Boscobel & Rural Fire District ($361k), Hudson Volunteer Fire Department Inc ($361k) and Mitchiners Cross Road Rural Fire Department Inc ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $17k (5.6% of expenses). Other salaries and wages came to $15k. At year end it held assets of $1.1m against liabilities of $90k, net assets of $1.0m. It reported 9 employees.