Newell Volunteer Fire Department Inc

Analysis

Newell Volunteer Fire Department Inc is a registered charity in United States, based in Newell, WV. It received its IRS tax-exemption ruling in January 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Newell Volunteer Fire Department Inc reported income of $205k and spending of $203k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $126k to $205k (+62%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 93% 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, Newell Volunteer Fire Department Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within WV. Charities of a similar size with the same main cause include Kimesville Community Fire Department and Rescue Inc ($205k), Knox Community Hospital Foundation ($205k) and Yad Soffin Foundation ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $565k against liabilities of $345k, net assets of $220k.