Cape Charles Volunteer Fire Co 1 Inc

Analysis

Cape Charles Volunteer Fire Co 1 Inc is a registered charity in United States, based in Cape Charles, VA. It received its IRS tax-exemption ruling in July 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 December 2023, Cape Charles Volunteer Fire Co 1 Inc reported income of $338k and spending of $123k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $338k (+158%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 68% 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, Cape Charles Volunteer Fire Co 1 Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Carmichaels & Cumberland Township Volunteer Fire Company ($338k), Huntington Lake Volunteer Fire Department ($339k) and Fast CPR ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $953k against liabilities of $42k, net assets of $911k.