Volunteer Fire Department of Seymour

Analysis

Volunteer Fire Department of Seymour is a registered charity in United States, based in Seymour, TN. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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, Volunteer Fire Department of Seymour reported income of $1.3m and spending of $1.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteer Fire Department of Seymour sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include New School of Berkeley ($1.3m), Nhra Motorsports Museum ($1.3m) and Calvary Presbyterian Church Nursery School ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.2% of the total. Other salaries and wages came to $105k. At year end it held assets of $3.1m against liabilities of $425k, net assets of $2.7m. It reported 33 employees.