Decorah Volunteer Fire Department

Analysis

Decorah Volunteer Fire Department is a registered charity in United States, based in Decorah, IA. It received its IRS tax-exemption ruling in August 2001, 25 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, Decorah Volunteer Fire Department reported income of $161k and spending of $205k, spending 128% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $235k to $161k (-32%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 92% 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, Decorah Volunteer Fire Department sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include Hopewell Volunteer Fire Department ($161k), Allamuchy-Green First Aid Squad ($161k) and South Salem Fire Dept Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $2,712 (1.3% of expenses). Other salaries and wages came to $13k. At year end it held assets of $133k against liabilities of $0, net assets of $133k.