Elk Point Volunteer Fire Department Inc

Analysis

Elk Point Volunteer Fire Department Inc is a registered charity in United States, based in Elk Point, SD. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elk Point Volunteer Fire Department Inc reported income of $221k and spending of $150k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $174k to $221k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 130% 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, Elk Point Volunteer Fire Department Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within SD. Charities of a similar size with the same main cause include Freehold Volunteer Fire Company Inc ($221k), Dunlap Fire Department & Rescue Squad ($221k) and Pipe Creek Volunteer Fire Dept Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.