Southgate Volunteer Fire Department Inc

Analysis

Southgate Volunteer Fire Department Inc is a registered charity in United States, based in Southgate, KY. It received its IRS tax-exemption ruling in July 1995, 31 years ago. 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 June 2023, Southgate Volunteer Fire Department Inc reported income of $726k and spending of $731k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $435k to $726k (+67%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southgate Volunteer Fire Department Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Stride Inc ($726k), Mill Race Center Inc ($726k) and Good Shepherd Gracenter ($726k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $62k (8.4% of expenses). At year end it held assets of $1.1m against liabilities of $5,309, net assets of $1.1m. It reported 44 employees.