Goldvein Volunteer Fire Department

Analysis

Goldvein Volunteer Fire Department is a registered charity in United States, based in Goldvein, VA. It received its IRS tax-exemption ruling in May 2021, 5 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, Goldvein Volunteer Fire Department reported income of $285k and spending of $256k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $687k to $285k (-59%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 68%. Over the whole period it spent 52% 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, Goldvein Volunteer Fire Department sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Taghkanic Fire Company No 1 Inc ($285k), James City - Bruton Volunteer Fire Department ($285k) and Riverhead Volunteer Firefighters Association Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $3,940, net assets of $1.0m.