Riviera Beach Volunteer Fire Co Inc

Analysis

Riviera Beach Volunteer Fire Co Inc is a registered charity in United States, based in Riviera Beach, MD. It received its IRS tax-exemption ruling in July 2020, 6 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, Riviera Beach Volunteer Fire Co Inc reported income of $310k and spending of $277k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $310k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2023, when income rose by 33%. 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, Riviera Beach Volunteer Fire Co Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Lumberland Volunteer Fire Dept ($310k), Brookfield Volunteer Fire Department Candlewood Company Inco ($310k) and State Firemens & Fire Marshals Asso Ciation of Texas Fire Program Inst ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 6.2% of the total. At year end it held assets of $658k against liabilities of $150k, net assets of $508k.