Valley Springs Volunteer Fire Dept

Analysis

Valley Springs Volunteer Fire Dept is a registered charity in United States, based in Valley Springs, SD. It received its IRS tax-exemption ruling in January 2005, 21 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, Valley Springs Volunteer Fire Dept reported income of $68k and spending of $85k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $68k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 64% 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, Valley Springs Volunteer Fire Dept sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 21st percentile within SD. Charities of a similar size with the same main cause include Blandon Fire Company Firemans Relief Association ($68k), Genoa-Kingston Volunteer Fire Department Inc ($68k) and Cherokee Pass Fire District ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $475k against liabilities of $0, net assets of $475k.