Wallace Volunteer Fire Department Inc

Analysis

Wallace Volunteer Fire Department Inc is a registered charity in United States, based in Wallace, WV. It received its IRS tax-exemption ruling in August 2018, 8 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, Wallace Volunteer Fire Department Inc reported income of $260k and spending of $118k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $260k (+240%), an average of +240% a year. The sharpest change came in the year to December 2023, when income rose by 240%. Over the whole period it spent 61% 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, Wallace Volunteer Fire Department Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WV. Charities of a similar size with the same main cause include New Haven Volunteer Fire Department ($260k), Long Lake Volunteer Firemens Relief Association ($260k) and Fall Creek Community Volunteer Fire Department Inc ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $538k against liabilities of $202k, net assets of $336k.