Floyd County Volunteer Fire Department Inc

Analysis

Floyd County Volunteer Fire Department Inc is a registered charity in United States, based in Floyd, VA. It received its IRS tax-exemption ruling in December 1977, 49 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 2024, Floyd County Volunteer Fire Department Inc reported income of $362k and spending of $363k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $298k to $362k (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 114%. Over the whole period it spent 90% 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, Floyd County Volunteer Fire Department Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Chief Logan Volunteer Fire Department ($362k), Neshannock Township Volunteer Fire Company ($362k) and Cannon County Rescue Squad Inc ($361k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $375k against liabilities of $0, net assets of $375k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.