Boiling Springs Volunteer Fire Dept & Rescue Squad

Analysis

Boiling Springs Volunteer Fire Dept & Rescue Squad is a registered charity in United States, based in Covington, VA. It received its IRS tax-exemption ruling in March 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, Boiling Springs Volunteer Fire Dept & Rescue Squad reported income of $180k and spending of $120k, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $114k to $180k (+57%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 80% 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, Boiling Springs Volunteer Fire Dept & Rescue Squad sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Bleiblerville Volunteer Fire Department ($179k), Salem Fire Foundation ($180k) and Gordons Corner Fire Co ($179k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 0.4% of the total. At year end it held assets of $595k against liabilities of $0, net assets of $595k.