Madison County Volunteer Fire Co Inc

Analysis

Madison County Volunteer Fire Co Inc is a registered charity in United States, based in Madison, VA. It received its IRS tax-exemption ruling in November 2000, 26 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, Madison County Volunteer Fire Co Inc reported income of $502k and spending of $428k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $502k (+115%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 72%. 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, Madison County Volunteer Fire Co Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Terrell Volunteer Fire Department Inc ($502k), Kenova Volunteer Fire Dept ($502k) and Hall County Ems Inc ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.