Timberville Volunteer Fire Department Incorporated

Analysis

Timberville Volunteer Fire Department Incorporated is a registered charity in United States, based in Timberville, VA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Timberville Volunteer Fire Department Incorporated reported income of $189k and spending of $190k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $197k to $189k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Timberville Volunteer Fire Department Incorporated sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Gratwick Hose Co Inc ($189k), Jonesboro Jets Swim Team Inc ($189k) and Eufaula Heritage Association Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $1.6m against liabilities of $114k, net assets of $1.5m.