Smith Mountain Lake Marine Volun- Teer Fire Company Inc

Analysis

Smith Mountain Lake Marine Volun- Teer Fire Company Inc is a registered charity in United States, based in Hardy, VA. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Smith Mountain Lake Marine Volun- Teer Fire Company Inc reported income of $276k and spending of $168k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $276k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Smith Mountain Lake Marine Volun- Teer Fire Company Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Little League Baseball Inc ($276k), Ridley United Soccer Club Inc ($276k) and Wheaton Briarcliffe Youth Baseball ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.9m against liabilities of $133k, net assets of $1.8m.