Bobo Volunteer Fire Department Inc Northwest Madison County

Analysis

Bobo Volunteer Fire Department Inc Northwest Madison County is a registered charity in United States, based in Ardmore, AL. It received its IRS tax-exemption ruling in December 1900, 126 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, Bobo Volunteer Fire Department Inc Northwest Madison County reported income of $299k and spending of $240k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $169k to $299k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bobo Volunteer Fire Department Inc Northwest Madison County sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Volunteers of America Inc ($299k), New Prague Rural Fire Protection Assn ($299k) and Institute of Classical Architecture and Art Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.4% of the total. At year end it held assets of $383k against liabilities of $18k, net assets of $364k.