Boyce Volunteer Fire Company Inc

Analysis

Boyce Volunteer Fire Company Inc is a registered charity in United States, based in Boyce, VA. It received its IRS tax-exemption ruling in April 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Boyce Volunteer Fire Company Inc reported income of $482k and spending of $386k, spending 80% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $313k to $482k (+54%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 76% 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, Boyce Volunteer Fire Company Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include No 9 Township Fire and Rescue ($482k), Bills Creek Volunteer Fire Department ($483k) and Brightside Foundation Inc ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Other salaries and wages came to $109k. At year end it held assets of $1.7m against liabilities of $4,774, net assets of $1.7m. It reported 11 employees.