Fountain Volunteer Fire Company Inc

Analysis

Fountain Volunteer Fire Company Inc is a registered charity in United States, based in Keyser, WV. It received its IRS tax-exemption ruling in April 1997, 29 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, Fountain Volunteer Fire Company Inc reported income of $247k and spending of $488k, spending 197% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $260k to $247k (-4.8%), an average of -1.6% a year. The sharpest change came in the year to December 2022, when income rose by 267%. Over the whole period it spent 74% 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, Fountain Volunteer Fire Company Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WV. Charities of a similar size with the same main cause include Cochran Hose Company Inc ($247k), Charleroi Volunteer Fire Department ($247k) and Blackstone Volunteer Fire Department ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 11% of the total. At year end it held assets of $1.9m against liabilities of $570k, net assets of $1.3m.