Sterling Park Volunteer Fire Co Inc

Analysis

Sterling Park Volunteer Fire Co Inc is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in November 2008, 18 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, Sterling Park Volunteer Fire Co Inc reported income of $2.5m and spending of $1.6m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.5m (+57%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 79% 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, Sterling Park 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 88th percentile within VA. Charities of a similar size with the same main cause include Troutman Fire Department Inc ($2.5m), The Lisbon Volunteer Fire Company ($2.5m) and Berwyn Fire Company ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $6.9m against liabilities of $622k, net assets of $6.3m.