Iron Gate Volunteer Fire Department Inc

Analysis

Iron Gate Volunteer Fire Department Inc is a registered charity in United States, based in Iron Gate, VA. It received its IRS tax-exemption ruling in September 2005, 21 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, Iron Gate Volunteer Fire Department Inc reported income of $232k and spending of $189k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $100k to $232k (+132%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 58%. Over the whole period it spent 96% 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, Iron Gate Volunteer Fire Department Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Green Springs Rural Volunteer Fire Department Inc ($232k), Unionport Volunteer Fire & Rescue Inc ($232k) and Wolcott Volunteer Fire Department Company 1 ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 34% of the total. At year end it held assets of $967k against liabilities of $467k, net assets of $500k.