Wax Volunteer Fire Department Inc

Analysis

Wax Volunteer Fire Department Inc is a registered charity in United States, based in Clarkson, KY. It received its IRS tax-exemption ruling in November 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wax Volunteer Fire Department Inc reported income of $145k and spending of $99k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $152k to $145k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 71% 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, Wax Volunteer Fire Department Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within KY. Charities of a similar size with the same main cause include Massena Fire Department ($145k), Chip Terry Fund for First Responders Inc ($145k) and Food Insecurity and Relief Solutions Today ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. At year end it held assets of $564k against liabilities of $0, net assets of $564k.