Mount Storm Volunteer Fire Coinc

Analysis

Mount Storm Volunteer Fire Coinc is a registered charity in United States, based in Mount Storm, WV. It received its IRS tax-exemption ruling in November 1999, 27 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 March 2023, Mount Storm Volunteer Fire Coinc reported income of $125k and spending of $78k, leaving 38% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income fell from $130k to $125k (-3.8%), an average of -1.3% a year. The sharpest change came in the year to March 2023, when income rose by 19%. Over the whole period it spent 60% 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, Mount Storm Volunteer Fire Coinc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within WV. Charities of a similar size with the same main cause include North Granville Hose Company Inc ($125k), Washington Township Volunteer Fire Department Inc ($125k) and Marcus Fire Department Inc ($125k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.