Lockport Volunteer Fire Company

Analysis

Lockport Volunteer Fire Company is a registered charity in United States, based in Lockport, LA. It received its IRS tax-exemption ruling in February 1987, 39 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 December 2023, Lockport Volunteer Fire Company reported income of $362k and spending of $213k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $362k (+575%), an average of +61% a year. The sharpest change came in the year to December 2021, when income rose by 472%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lockport Volunteer Fire Company sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within LA. Charities of a similar size with the same main cause include Astoria Downtown Development Association ($362k), Pine Richland Baseball and Softball Association ($362k) and Michigan Association of Conservation Districts ($362k).

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 $630k against liabilities of $0, net assets of $630k.