Wellman Volunteer Fire Department

Analysis

Wellman Volunteer Fire Department is a registered charity in United States, based in Wellman, IA. It received its IRS tax-exemption ruling in June 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, Wellman Volunteer Fire Department reported income of $201k and spending of $185k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $104k to $201k (+94%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 83% 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, Wellman Volunteer Fire Department sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include New Salem Volunteer Fire Dept ($201k), Strasburg Fire Department Incorporated ($201k) and A a TWSP VFD Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $1.1m against liabilities of $135k, net assets of $1.0m.