Lovettsville Fire and Rescue Co Inc

Analysis

Lovettsville Fire and Rescue Co Inc is a registered charity in United States, based in Lovettsville, VA. It received its IRS tax-exemption ruling in March 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lovettsville Fire and Rescue Co Inc reported income of $1.4m and spending of $588k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $514k to $1.4m (+167%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 59% 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, Lovettsville Fire and Rescue Co Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Northview Fire Dept Inc ($1.4m), Volunteer Ambulance Corps of Bath New York Inc ($1.4m) and Luling Volunteer Fire Department ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $3.4m against liabilities of $782, net assets of $3.4m.