Philomont Volunteer Fire Department Incorporated

Analysis

Philomont Volunteer Fire Department Incorporated is a registered charity in United States, based in Philomont, VA. It received its IRS tax-exemption ruling in July 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, Philomont Volunteer Fire Department Incorporated reported income of $311k and spending of $172k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $311k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 65% 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, Philomont Volunteer Fire Department Incorporated sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Tonto Recreation Alliance Inc ($311k), Union Fire Co No 1 Hamburg ($311k) and Marmora Volunteer Fire Co Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.