Prospect Volunteer Fire Dept

Analysis

Prospect Volunteer Fire Dept is a registered charity in United States, based in Prospect, PA. It received its IRS tax-exemption ruling in September 2021, 5 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 2023, Prospect Volunteer Fire Dept reported income of $194k and spending of $108k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $213k to $194k (-9.0%), an average of -9.0% a year. Over the whole period it spent 51% 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, Prospect Volunteer Fire Dept sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Union Hook & Ladder Co 1 Village of Mt Kisco Ny ($194k), Pensacola Volunteer Fire Department Inc ($194k) and Waverly Rescue Squad Inc ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 1.9% of the total. At year end it held assets of $372k against liabilities of $0, net assets of $372k.