Mineral Wells VFD Inc

Analysis

Mineral Wells VFD Inc is a registered charity in United States, based in Mineral Wells, WV. It received its IRS tax-exemption ruling in February 2015, 11 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, Mineral Wells VFD Inc reported income of $454k and spending of $264k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $454k (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 92% 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, Mineral Wells VFD Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WV. Charities of a similar size with the same main cause include Lower Currituck Volunteer Fire Dept Inc ($453k), Fire Companies of Malta Inc ($454k) and Glenwood Volunteer Fire Department ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.