Lakewood Volunteer Fire Department Inc

Analysis

Lakewood Volunteer Fire Department Inc is a registered charity in United States, based in Saint Albans, 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, Lakewood Volunteer Fire Department Inc reported income of $119k and spending of $76k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $91k to $119k (+30%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 72% 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, Lakewood Volunteer Fire Department Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within WV. Charities of a similar size with the same main cause include Jefferson Hills Fire & Rescue Relief Association ($119k), Baileys Cross Roads Volunteer Fire Co ($119k) and Newberry Township Fire Department ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $477k against liabilities of $0, net assets of $477k.