South Boston Fire Co Inc

Analysis

South Boston Fire Co Inc is a registered charity in United States, based in South Boston, VA. It received its IRS tax-exemption ruling in March 2007, 19 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, South Boston Fire Co Inc reported income of $459k and spending of $49k, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $459k (+545%), an average of +545% a year. The sharpest change came in the year to December 2023, when income rose by 545%. Over the whole period it spent 21% 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, South Boston Fire Co Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Lasker Volunteer Fire Department Incorporated ($459k), Cicero Volunteer Fire Department ($459k) and Eastern Berks Fire Department ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% of the total. At year end it held assets of $670k against liabilities of $0, net assets of $670k.