Atlantic Volunteer Fire and Rescue Company Incorporated

Analysis

Atlantic Volunteer Fire and Rescue Company Incorporated is a registered charity in United States, based in Atlantic, VA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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, Atlantic Volunteer Fire and Rescue Company Incorporated reported income of $263k and spending of $278k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $263k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlantic Volunteer Fire and Rescue Company Incorporated sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Lake Area Christian School Association Inc ($263k), Ignite Capital Inc ($263k) and Crime Prevention Program of Southern California ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $821k against liabilities of $0, net assets of $821k.