Coal City Volunteer Fire Department Inc

Analysis

Coal City Volunteer Fire Department Inc is a registered charity in United States, based in Coal City, WV. It received its IRS tax-exemption ruling in December 2022, 4 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, Coal City Volunteer Fire Department Inc reported income of $426k and spending of $293k, leaving 31% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $243k to $426k (+76%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 132%. Over the whole period it spent 89% 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, Coal City Volunteer Fire Department Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within WV. Charities of a similar size with the same main cause include Richardsville Volunteer Fire Department Inc ($426k), Bailey Fire Department Green Hornet Fire District Inc ($426k) and Big Bend Healthcare Coalition Inc ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 16% of the total. At year end it held assets of $896k against liabilities of $121k, net assets of $775k.