Welton Volunteer Fire Company

Analysis

Welton Volunteer Fire Company is a registered charity in United States, based in Welton, IA. It received its IRS tax-exemption ruling in April 2006, 20 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, Welton Volunteer Fire Company reported income of $90k and spending of $103k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $90k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 373%. Over the whole period it spent 97% 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, Welton Volunteer Fire Company sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IA. Charities of a similar size with the same main cause include Bear Paw Volunteer Fire Department Inc ($90k), Tennessee Mine Rescue Association ($90k) and Endless Winds Vol Fire Company Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $351k against liabilities of $0, net assets of $351k.