Cool Branch Volunteer Fire Company Inc

Analysis

Cool Branch Volunteer Fire Company Inc is a registered charity in United States, based in Penhook, VA. It received its IRS tax-exemption ruling in August 1988, 38 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, Cool Branch Volunteer Fire Company Inc reported income of $142k and spending of $115k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $142k (+77%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 144%. Over the whole period it spent 86% 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, Cool Branch Volunteer Fire Company Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Klingerstown Fire Company No 1 ($142k), Stonewood Volunteer Fire Department Inc ($142k) and GMS Emergency Assistance Fund Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $674k against liabilities of $183k, net assets of $491k.