Boonsboro Volunteer Fire & Rescue Company Inc

Analysis

Boonsboro Volunteer Fire & Rescue Company Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in February 1990, 36 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, Boonsboro Volunteer Fire & Rescue Company Inc reported income of $417k and spending of $378k, spending 91% of its income. Across the 6 years on record, from November 2019 to December 2023, income grew from $272k to $417k (+53%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 641%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boonsboro Volunteer Fire & Rescue Company Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include South Park Historical Foundation ($417k), Triangle Universities Center for Advanced Studies Inc ($417k) and Mead Public Library Foundation Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.3m against liabilities of $43k, net assets of $1.3m.