Hillsboro Volunteer Fire Department Inc

Analysis

Hillsboro Volunteer Fire Department Inc is a registered charity in United States, based in Hillsboro, WV. It received its IRS tax-exemption ruling in October 2021, 5 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, Hillsboro Volunteer Fire Department Inc reported income of $111k and spending of $95k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $99k to $111k (+12%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 64% 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, Hillsboro Volunteer Fire Department Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within WV. Charities of a similar size with the same main cause include Idaho Mountain Search and Rescue Unit Inc ($111k), Glade Creek Volunteer Fire Department Incorporated ($111k) and Marietta Community Volunteer Fire Department Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $785k against liabilities of $2,810, net assets of $782k.