New Hope Volunteer Fire Department Inc

Analysis

New Hope Volunteer Fire Department Inc is a registered charity in United States, based in Fort Defiance, 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 December 2023, New Hope Volunteer Fire Department Inc reported income of $137k and spending of $203k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $148k to $137k (-6.8%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 132% 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, New Hope Volunteer Fire Department Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Williams Volunteer Firefightersassociation ($137k), Roper Fire Department Inc ($138k) and Kanawha Putnam Emergency Planning Committee ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 33% of the total. At year end it held assets of $470k against liabilities of $5,553, net assets of $464k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.