Lake Volunteer Fire Department Inc

Analysis

Lake Volunteer Fire Department Inc is a registered charity in United States, based in Pecks Mill, WV. It received its IRS tax-exemption ruling in January 1985, 41 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, Lake Volunteer Fire Department Inc reported income of $243k and spending of $181k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $243k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Volunteer Fire Department Inc sits at the 56th percentile: it is larger than about 56% 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 Absolute Control Transitional Counseling Center Inc ($243k), National Junior Tennis & Learning of Indianapolis Inc ($243k) and Corrigan Volunteer Fire Department Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $547k against liabilities of $169k, net assets of $378k.