Hanson Volunteer Fire Department Inc

Analysis

Hanson Volunteer Fire Department Inc is a registered charity in United States, based in Hanson, KY. It received its IRS tax-exemption ruling in June 2017, 9 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, Hanson Volunteer Fire Department Inc reported income of $190k and spending of $126k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $136k to $190k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 49% 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, Hanson Volunteer Fire Department Inc 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 52nd percentile within KY. Charities of a similar size with the same main cause include Mount Pleasant Volunteer Fire Department ($190k), Friends of Mineral County Emergency Services Inc ($190k) and Bennington Volunteer Fire Company Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $896k against liabilities of $0, net assets of $896k.