Reynolds Store Volunteer Fire Company

Analysis

Reynolds Store Volunteer Fire Company is a registered charity in United States, based in Cross JCT, VA. It received its IRS tax-exemption ruling in January 1980, 46 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, Reynolds Store Volunteer Fire Company reported income of $232k and spending of $276k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $232k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 94% 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, Reynolds Store Volunteer Fire Company sits at the 65th percentile: it is larger than about 65% 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 East Maine Fire Company Inc ($232k), Pine Ridge Volunteer Fire Department Incorporated ($233k) and The Harney Volunteer Fire Company Incorporated ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $1.5m against liabilities of $730k, net assets of $794k.