Sharon Volunteer Fire Dept

Analysis

Sharon Volunteer Fire Dept is a registered charity in United States, based in Clifton Forge, VA. It received its IRS tax-exemption ruling in May 2011, 15 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 June 2023, Sharon Volunteer Fire Dept reported income of $106k and spending of $91k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $103k to $106k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 92% 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, Sharon Volunteer Fire Dept sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Stone Creek Volunteer Fire Department ($106k), Cooperstown Volunteer Fire Co ($106k) and Harmony Fire District Relief Association ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $378k against liabilities of $49k, net assets of $328k.