Verona Volunteer Fire Company Inc

Analysis

Verona Volunteer Fire Company Inc is a registered charity in United States, based in Verona, VA. It received its IRS tax-exemption ruling in July 2003, 23 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, Verona Volunteer Fire Company Inc reported income of $277k and spending of $277k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $277k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 93% 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, Verona Volunteer Fire Company Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Alabama Chapter of National Emergency Number Association Inc ($277k), Republic Beverage Company Relief Fu ND ($277k) and Lamar Volunteer Fire Department Inc ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.0m against liabilities of $829k, net assets of $213k.