Bethany Beach Volunteer Fire Co Inc

Analysis

Bethany Beach Volunteer Fire Co Inc is a registered charity in United States, based in Bethany Beach, DE. It received its IRS tax-exemption ruling in November 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, Bethany Beach Volunteer Fire Co Inc reported income of $2.5m and spending of $2.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.5m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 100%. 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, Bethany Beach Volunteer Fire Co Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within DE. Charities of a similar size with the same main cause include Santa Fe Fire & Rescue Inc ($2.5m), Rio Grande Valley Communications Group ($2.5m) and Allfed Institute ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $7.0m against liabilities of $633k, net assets of $6.3m. It reported 37 employees.