Mt Solon Volunteer Fire Co and Rescue Squad Inc

Analysis

Mt Solon Volunteer Fire Co and Rescue Squad Inc is a registered charity in United States, based in Mount Solon, VA. It received its IRS tax-exemption ruling in June 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, Mt Solon Volunteer Fire Co and Rescue Squad Inc reported income of $285k and spending of $339k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $285k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 133%. Over the whole period it spent 84% 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, Mt Solon Volunteer Fire Co and Rescue Squad Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Skyview Volunteer Fire Company West Mifflin No 4 ($285k), Broadway Volunteer Fire Dept Inc ($285k) and The Belvidere-Chappell Hill Volunteer Fire Department Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 25% of the total. At year end it held assets of $1.7m against liabilities of $226k, net assets of $1.5m.