Williamstown Volunteer Fire Company Inc

Analysis

Williamstown Volunteer Fire Company Inc is a registered charity in United States, based in Williamstown, WV. It received its IRS tax-exemption ruling in March 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, Williamstown Volunteer Fire Company Inc reported income of $263k and spending of $220k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $168k to $263k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 70% 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, Williamstown Volunteer Fire Company Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WV. Charities of a similar size with the same main cause include Waterloo Vol Fire Co Inc ($263k), St Johns Volunteer Fire and Rescue Dept Inc ($263k) and The Ebony Volunteer Fire Department ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $232 (0.1% of expenses). At year end it held assets of $1.8m against liabilities of $425k, net assets of $1.3m.