Boydton Volunteer Fire Department Inc

Analysis

Boydton Volunteer Fire Department Inc is a registered charity in United States, based in Boydton, VA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boydton Volunteer Fire Department Inc reported income of $265k and spending of $149k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $265k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boydton Volunteer Fire Department Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Abate of Kansas Inc ($265k), National Student Employment Association Inc ($265k) and Alabama Small Business Development Initiative ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.