Magnolia Springs Volunteer Fire Department Incorporated

Analysis

Magnolia Springs Volunteer Fire Department Incorporated is a registered charity in United States, based in Magnolia SPGS, AL. It received its IRS tax-exemption ruling in July 1999, 27 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 September 2023, Magnolia Springs Volunteer Fire Department Incorporated reported income of $511k and spending of $424k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $452k to $511k (+13%), an average of +3.1% a year. The sharpest change came in the year to September 2020, when income rose by 69%. Over the whole period it spent 89% 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, Magnolia Springs Volunteer Fire Department Incorporated sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within AL. Charities of a similar size with the same main cause include Raquette Lake Fire Department Inc ($510k), Franklin Community Volunteer Fire Department Inc ($511k) and Judson Metro Volunteer Fire Department ($510k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.2m against liabilities of $194k, net assets of $971k.