Key Largo Volunteer Fire Department Inc

Analysis

Key Largo Volunteer Fire Department Inc is a registered charity in United States, based in Key Largo, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Key Largo Volunteer Fire Department Inc reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+55%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key Largo Volunteer Fire Department Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include S W Pitts Hose Company of Latham Ny Inc ($1.9m), Big Brothers-Big Sisters of Western North Carolina Inc ($1.9m) and Girls Incorporated of Memphis ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $122k (6.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $27k against liabilities of $4, net assets of $27k. It reported 29 employees.