Smithfield Volunteer Fire Department Incorporated

Analysis

Smithfield Volunteer Fire Department Incorporated is a registered charity in United States, based in Smithfield, VA. It received its IRS tax-exemption ruling in August 1986, 40 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 June 2024, Smithfield Volunteer Fire Department Incorporated reported income of $708k and spending of $334k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $274k to $708k (+158%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 110%. Over the whole period it spent 66% 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, Smithfield Volunteer Fire Department Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include The Kent Volunteer Fire Department Inc ($704k), Mechanicsville Volunteer Rescue Squad Inc ($708k) and PG Volunteer Fire Department Inc ($703k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.