Palmer Springs Volunteer Fire Department Incorporated

Analysis

Palmer Springs Volunteer Fire Department Incorporated is a registered charity in United States, based in Boydton, VA. It received its IRS tax-exemption ruling in October 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, Palmer Springs Volunteer Fire Department Incorporated reported income of $251k and spending of $268k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $251k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 92% 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, Palmer Springs Volunteer Fire Department Incorporated sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include The Garden City Fire Company No 1 ($251k), International Nanny Association ($251k) and North Montgomery Volunteer Fire Department Inc ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $811k against liabilities of $0, net assets of $811k.