Gore Volunteer Fire Company

Analysis

Gore Volunteer Fire Company is a registered charity in United States, based in Gore, VA. It received its IRS tax-exemption ruling in August 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gore Volunteer Fire Company reported income of $291k and spending of $216k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $291k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gore Volunteer Fire Company sits at the 59th percentile: it is larger than about 59% 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 Casselton Rural Ambulance District ($291k), Aprovecho ($291k) and Tobacco Free North Dakota ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 25% of the total. At year end it held assets of $2.9m against liabilities of $683k, net assets of $2.2m.