Lois Volunteer Fire Department & Rescue Squad Inc

Analysis

Lois Volunteer Fire Department & Rescue Squad Inc is a registered charity in United States, based in Bealeton, VA. It received its IRS tax-exemption ruling in November 2015, 11 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, Lois Volunteer Fire Department & Rescue Squad Inc reported income of $194k and spending of $108k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $194k (+22%), an average of +5.2% a year. Over the whole period it spent 66% 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, Lois Volunteer Fire Department & Rescue Squad Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Thad Stevens Volunteer Fire Department ($193k), Compress and Shock Foundation ($194k) and Tioga Volunteer Fire Department Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of -$176k, net assets of $1.6m.