Drakes Branch Volunteer Fire Department Inc

Analysis

Drakes Branch Volunteer Fire Department Inc is a registered charity in United States, based in Drakes Branch, VA. It received its IRS tax-exemption ruling in September 2006, 20 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, Drakes Branch Volunteer Fire Department Inc reported income of $471k and spending of $127k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $471k (+151%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 51% 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, Drakes Branch Volunteer Fire Department 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 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Northeast Fire and Rescue Co ($470k), Rohrerstown Community Fire Company ($471k) and Solidarity Inc ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $937k against liabilities of $8,273, net assets of $929k.