Lake Gaston Volunteer Fire Dept

Analysis

Lake Gaston Volunteer Fire Dept is a registered charity in United States, based in Bracey, VA. It received its IRS tax-exemption ruling in September 2003, 23 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 2023, Lake Gaston Volunteer Fire Dept reported income of $329k and spending of $259k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $198k to $329k (+66%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 63% 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, Lake Gaston Volunteer Fire Dept sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Grape Creek Volunteer Fire Dept Inc ($329k), Lower Southampton Fire Department ($329k) and Everton Volunteer Fire Department Incorporated ($329k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.1m against liabilities of $345k, net assets of $772k.