Garretson Volunteer Fire Department

Analysis

Garretson Volunteer Fire Department is a registered charity in United States, based in Garretson, SD. It received its IRS tax-exemption ruling in May 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 (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, Garretson Volunteer Fire Department reported income of $201k and spending of $148k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $201k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 326%. Over the whole period it spent 89% 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, Garretson Volunteer Fire Department sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within SD. Charities of a similar size with the same main cause include Southern Yavapai Fire Department ($201k), Hixton Volunteer Fire Department ($202k) and Middle River Volunteer Fire & Rescue Company Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $3,948 (2.7% of expenses). At year end it held assets of $973k against liabilities of $459, net assets of $972k.