Concord Volunteer Fire Department

Analysis

Concord Volunteer Fire Department is a registered charity in United States, based in Concord, VA. It received its IRS tax-exemption ruling in September 2003, 23 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, Concord Volunteer Fire Department reported income of $341k and spending of $265k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $208k to $341k (+64%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 73% 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, Concord Volunteer Fire Department sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Homeland Preparedness Project ($341k), Readlyn Volunteer Fire Fighters Association Incorporated ($341k) and Gallatin-Sunnyside Volunteer Fire Company of Forward Township ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.0m against liabilities of $330k, net assets of $693k.