Leipsic Volunteer Fire Company Inc

Analysis

Leipsic Volunteer Fire Company Inc is a registered charity in United States, based in Leipsic, DE. It received its IRS tax-exemption ruling in January 1991, 35 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, Leipsic Volunteer Fire Company Inc reported income of $737k and spending of $1.1m, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $908k to $737k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 97% 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, Leipsic Volunteer Fire Company Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 71st percentile within DE. Charities of a similar size with the same main cause include Little Fork Volunteer Fire and Rescue Company Inc ($736k), Hawaii Bicycling League ($738k) and Silverton Avalanche School ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $46k (4.3% of expenses). Other salaries and wages came to $286k. At year end it held assets of $7.5m against liabilities of $11k, net assets of $7.5m. It reported 30 employees.