Cool Springs Community Fire Dept Inc

Analysis

Cool Springs Community Fire Dept Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in January 2018, 8 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, Cool Springs Community Fire Dept Inc reported income of $160k and spending of $81k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $133k to $160k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 88% 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, Cool Springs Community Fire Dept Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within WV. Charities of a similar size with the same main cause include Lawrence Township Volunteer Fire Co 1 ($160k), Shohola Township Volunteer Fire & Rescue Inc ($160k) and Point Breeze Volunteer Fire Association ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $315k against liabilities of $78k, net assets of $237k.