Fries Volunteer Fire Department Inc

Analysis

Fries Volunteer Fire Department Inc is a registered charity in United States, based in Fries, VA. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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 2022, Fries Volunteer Fire Department Inc reported income of $253k and spending of $432k, spending 171% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $489k to $253k (-48%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fries Volunteer Fire Department Inc sits at the 57th percentile: it is larger than about 57% 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 H E L P for Mom ($253k), Mid-Peninsula Boys & Girls Club Foundation ($253k) and Arts Council of Southern Indiana ($253k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 76% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.