Broadway Volunteer Fire Dept Inc

Analysis

Broadway Volunteer Fire Dept Inc is a registered charity in United States, based in Broadway, VA. It received its IRS tax-exemption ruling in March 1943, 83 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, Broadway Volunteer Fire Dept Inc reported income of $285k and spending of $250k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $285k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income rose by 29%. 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, Broadway Volunteer Fire Dept Inc sits at the 70th percentile: it is larger than about 70% 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 Mt Solon Volunteer Fire Co and Rescue Squad Inc ($285k), Township Six Fire Department of Craven County NC ($286k) and Skyview Volunteer Fire Company West Mifflin No 4 ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. It paid $4,966 in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $425k, net assets of $1.1m.