Boones Mill Volunteer Fire Department Inc

Analysis

Boones Mill Volunteer Fire Department Inc is a registered charity in United States, based in Boones Mill, VA. It received its IRS tax-exemption ruling in May 1998, 28 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 2024, Boones Mill Volunteer Fire Department Inc reported income of $115k and spending of $113k, spending 98% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $92k to $115k (+26%), an average of +4.7% a year. The sharpest change came in the year to June 2023, when income rose by 238%. Over the whole period it spent 110% 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, Boones Mill Volunteer Fire Department Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Cavalier County Search and Rescue ($115k), Eden Volunteer Fire Company 1 Inc ($115k) and Ringwood Borough Volunteer Fire Co No 1 Inc ($115k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $196k against liabilities of $0, net assets of $196k.