Big Island Volunteer Fire Co

Analysis

Big Island Volunteer Fire Co is a registered charity in United States, based in Big Island, VA. It received its IRS tax-exemption ruling in May 2014, 12 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, Big Island Volunteer Fire Co reported income of $291k and spending of $184k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $363k to $291k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 68% 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, Big Island Volunteer Fire Co sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Falling Spring Fire Dept Inc ($291k), Volunteer Fire Company of Mt Lebanon Inc ($291k) and West Hamblen County Volunteer Fire Department ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.1m against liabilities of $25k, net assets of $1.1m.