Lake Monticello Volunteer Fire & Rescue Squad Inc

Analysis

Lake Monticello Volunteer Fire & Rescue Squad Inc is a registered charity in United States, based in Palmyra, VA. It received its IRS tax-exemption ruling in June 2011, 15 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 June 2023, Lake Monticello Volunteer Fire & Rescue Squad Inc reported income of $951k and spending of $923k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $843k to $951k (+13%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 96% 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, Lake Monticello Volunteer Fire & Rescue Squad Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Avon Volunteer Fire Department Incorporatedj ($949k), Abate of North Dakota ($952k) and Onondaga Fire Co Inc ($948k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $3.2m against liabilities of $566k, net assets of $2.6m.