Waterville Fire Dept Squad

Analysis

Waterville Fire Dept Squad is a registered charity in United States, based in Waterville, IA. It received its IRS tax-exemption ruling in January 2014, 12 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, Waterville Fire Dept Squad reported income of $111k and spending of $80k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $111k (+162%), an average of +162% a year. The sharpest change came in the year to December 2023, when income rose by 162%. 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, Waterville Fire Dept Squad sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within IA. Charities of a similar size with the same main cause include Cherry Grove Volunteer Fire Department ($111k), How2loveourcops ($112k) and Sharps Chapel Volunteer Fire Department ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $264k against liabilities of $0, net assets of $264k.