Floyd Volunteer Fire Department Inc

Analysis

Floyd Volunteer Fire Department Inc is a registered charity in United States, based in Romance, AR. It received its IRS tax-exemption ruling in October 2003, 23 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 February 2024, Floyd Volunteer Fire Department Inc reported income of $215k and spending of $198k, spending 92% of its income. Across the 4 years on record, from February 2021 to February 2024, income grew from $160k to $215k (+34%), an average of +10% a year. The sharpest change came in the year to February 2022, when income rose by 24%. Over the whole period it spent 64% 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, Floyd Volunteer Fire Department Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AR. Charities of a similar size with the same main cause include C-5 Volunteer Fire Department Inc ($215k), Glenville Volunteer Fire Company No 1 Inc ($215k) and Lincoln Charities Inc ($215k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. At year end it held assets of $719k against liabilities of $0, net assets of $719k.