Waverly Volunteer Fire Association

Analysis

Waverly Volunteer Fire Association is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in February 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 2023, Waverly Volunteer Fire Association reported income of $57k and spending of $36k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $57k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 672%. Over the whole period it spent 73% 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, Waverly Volunteer Fire Association sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include Lafayette Reserves ($57k), Trinity Center Volunteer Fire Department Auxiliary ($57k) and Lipan Volunteer Fire Department ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. At year end it held assets of $640k against liabilities of $0, net assets of $640k.