Grand Mound Volunteer Fire Dept

Analysis

Grand Mound Volunteer Fire Dept is a registered charity in United States, based in Grand Mound, IA. It received its IRS tax-exemption ruling in March 2005, 21 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, Grand Mound Volunteer Fire Dept reported income of $175k and spending of $65k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $175k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 46% 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, Grand Mound Volunteer Fire Dept sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IA. Charities of a similar size with the same main cause include Fire Congress Fellowship Inc ($175k), Cataula Volunteer Fire Department Inc ($175k) and River Bend Volunteer Fire Department Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $1,250 (1.9% of expenses). At year end it held assets of $524k against liabilities of $0, net assets of $524k.