Colonial Beach Volunteer Fire Department Inc

Analysis

Colonial Beach Volunteer Fire Department Inc is a registered charity in United States, based in Colonial BCH, VA. It received its IRS tax-exemption ruling in April 2022, 4 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, Colonial Beach Volunteer Fire Department Inc reported income of $348k and spending of $323k, spending 93% of its income. Across the 6 years on record, from December 2017 to December 2023, income grew from $216k to $348k (+61%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 87% 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, Colonial Beach Volunteer Fire Department Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Vanceboro Rural Volunteer Fire Dept Inc ($348k), Imsa Southeastern Section ($348k) and Mineral Springs Volunteer Fire and Rescue Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $34k. At year end it held assets of $1.6m against liabilities of $694k, net assets of $884k. It reported 1 employees.