Belfry Volunteer Fire Dept Ltd

Analysis

Belfry Volunteer Fire Dept Ltd is a registered charity in United States, based in Belfry, KY. It received its IRS tax-exemption ruling in November 2004, 22 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, Belfry Volunteer Fire Dept Ltd reported income of $193k and spending of $221k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $282k to $193k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 132% 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, Belfry Volunteer Fire Dept Ltd sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include East Syracuse Fire Department Inc ($192k), Doyle Volunteer Hose Company ($193k) and Newton Ransom Volunteer Fire Co ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $676k against liabilities of $31k, net assets of $646k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.