Folsom Volunteer Fire Dept I

Analysis

Folsom Volunteer Fire Dept I is a registered charity in United States, based in Folsom, WV. It received its IRS tax-exemption ruling in January 2008, 18 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, Folsom Volunteer Fire Dept I reported income of $1.1m and spending of $727k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $1.1m (+246%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 96% 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, Folsom Volunteer Fire Dept I sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within WV. Charities of a similar size with the same main cause include North Bellmore Engine and Rescue Company No 2 Inc ($1.1m), International Public Safety Data Institute ($1.1m) and Community Resilience Organizations ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $37k (5.0% of expenses). Other salaries and wages came to $99k. At year end it held assets of $1.3m against liabilities of $781k, net assets of $512k. It reported 8 employees.