Parsons Volunteer Fire Department Incorporated

Analysis

Parsons Volunteer Fire Department Incorporated is a registered charity in United States, based in Parsons, WV. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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, Parsons Volunteer Fire Department Incorporated reported income of $216k and spending of $163k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $216k (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parsons Volunteer Fire Department Incorporated sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within WV. Charities of a similar size with the same main cause include Little League Baseball Inc ($216k), Michigan Trauma Coalition Inc ($216k) and American Planning Association ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 8.5% of the total. At year end it held assets of $609k against liabilities of $66k, net assets of $543k.