Belmont Volunteer Fire Dept Inc

Analysis

Belmont Volunteer Fire Dept Inc is a registered charity in United States, based in Belmont, WV. It received its IRS tax-exemption ruling in August 2000, 26 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, Belmont Volunteer Fire Dept Inc reported income of $148k and spending of $164k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $148k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 90% 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, Belmont Volunteer Fire Dept Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within WV. Charities of a similar size with the same main cause include Wyoming Hook and Ladder Company No 1 of Wyoming N Y ($148k), Loganville Fire Company ($148k) and Grand Isle Volunteer Fire Department Inc ($148k).

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 $736k against liabilities of $167k, net assets of $569k.