Cheat Lake Volunteer Fire Department Inc

Analysis

Cheat Lake Volunteer Fire Department Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in June 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 September 2023, Cheat Lake Volunteer Fire Department Inc reported income of $296k and spending of $278k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $283k to $296k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to September 2023, when income rose by 32%. Over the whole period it spent 76% 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, Cheat Lake Volunteer Fire Department Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within WV. Charities of a similar size with the same main cause include Libby Volunteer Ambulance Service Inc ($295k), Schuyler County Volunteer Ambulance Assn Inc ($296k) and Fannin County Volunteer Fire & Rescue Inc ($295k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 1.6% of the total. At year end it held assets of $1.9m against liabilities of $282k, net assets of $1.6m.