Herbert Wallace Memorial Volunteer Fire Co

Analysis

Herbert Wallace Memorial Volunteer Fire Co is a registered charity in United States, based in Westwego, LA. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Herbert Wallace Memorial Volunteer Fire Co reported income of $922k and spending of $984k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $832k to $922k (+11%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 105% 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, Herbert Wallace Memorial Volunteer Fire Co sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Castleton Volunteer Ambulance Service Inc ($920k), Global Catalytic Network ($922k) and Civietown Volunteer Fire Department Inc ($920k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $178k (18% of expenses). Other salaries and wages came to $407k. At year end it held assets of $760k against liabilities of $16k, net assets of $745k. It reported 11 employees.