Madison Fire Drpartment

Analysis

Madison Fire Drpartment is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in February 2022, 4 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, Madison Fire Drpartment reported income of $181k and spending of $155k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $181k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 88% 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, Madison Fire Drpartment sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within SD. Charities of a similar size with the same main cause include Carrsville Volunteer Fire Department Incorporated ($181k), Indiana Township Volunteer Fire Company No1 ($181k) and Uniopolis Volunteer Fire Company C/O Richard Lowry ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.