Northwood Volunteer Fire Department

Analysis

Northwood Volunteer Fire Department is a registered charity in United States, based in Northwood, IA. It received its IRS tax-exemption ruling in June 2016, 10 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 2022, Northwood Volunteer Fire Department reported income of $327k and spending of $297k, spending 91% of its income. Across the 2 years on record, from December 2019 to December 2022, income grew from $140k to $327k (+134%), an average of +134% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 83% 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, Northwood Volunteer Fire Department sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within IA. Charities of a similar size with the same main cause include City Hook & Ladder Co No 4 ($326k), Hankins Northfork Volunteer Fire Department ($327k) and Carrolltown Fire Engine Co ($326k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% and program service revenue 13% of the total. At year end it held assets of $427k against liabilities of $0, net assets of $427k.