Greenwood Volunteer Fire Company No 1 of Greenwood Delaware

Analysis

Greenwood Volunteer Fire Company No 1 of Greenwood Delaware is a registered charity in United States, based in Greenwood, DE. It received its IRS tax-exemption ruling in February 1988, 38 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, Greenwood Volunteer Fire Company No 1 of Greenwood Delaware reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.8m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 80% 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, Greenwood Volunteer Fire Company No 1 of Greenwood Delaware sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within DE. Charities of a similar size with the same main cause include Pleasant View Volunteer Fire Department ($1.8m), Forge Foundation Inc ($1.8m) and Anthropocene Alliance ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 12% of the total. Other salaries and wages came to $454k. At year end it held assets of $5.8m against liabilities of $573k, net assets of $5.2m. It reported 35 employees.