Independence Volunteer Fire Dept

Analysis

Independence Volunteer Fire Dept is a registered charity in United States, based in Independence, VA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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 September 2023, Independence Volunteer Fire Dept reported income of $228k and spending of $47k, leaving 80% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income grew from $79k to $228k (+190%), an average of +42% a year. The sharpest change came in the year to September 2023, when income rose by 169%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Volunteer Fire Dept sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Salpointe Catholic Education Foundation ($228k), Habitat for Humanity International Inc ($228k) and Jenks Trojan Athletics Inc ($228k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $2.7m against liabilities of $310k, net assets of $2.4m.