Bassett Volunteer Fire Company Incorporated

Analysis

Bassett Volunteer Fire Company Incorporated is a registered charity in United States, based in Bassett, VA. It received its IRS tax-exemption ruling in June 1993, 33 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, Bassett Volunteer Fire Company Incorporated reported income of $224k and spending of $189k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $198k to $224k (+13%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 61% 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, Bassett Volunteer Fire Company Incorporated sits at the 63rd percentile: it is larger than about 63% 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 Wrightsville Steam Fire Engine and Hose Company No 1 ($224k), Northampton Fire & Rescue Inc ($224k) and Benton Volunteer Fire Department Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $477k against liabilities of $0, net assets of $477k.