Romney Fire Company

Analysis

Romney Fire Company is a registered charity in United States, based in Romney, WV. It received its IRS tax-exemption ruling in March 1988, 38 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, Romney Fire Company reported income of $852k and spending of $355k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $852k (+254%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 234%. Over the whole period it spent 70% 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, Romney Fire Company sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within WV. Charities of a similar size with the same main cause include Rosman Fire Rescue Inc ($850k), Horneytown Volunteer Fire Department of Forsyth County Inc ($852k) and Boiling Springs Fire and Rescue ($850k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 1.6% of the total. At year end it held assets of $1.3m against liabilities of $438k, net assets of $865k.