Potosi Volunteer Fire Department Inc

Analysis

Potosi Volunteer Fire Department Inc is a registered charity in United States, based in Potosi, WI. It received its IRS tax-exemption ruling in May 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, Potosi Volunteer Fire Department Inc reported income of $594k and spending of $340k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $257k to $594k (+131%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 196%. Over the whole period it spent 69% 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, Potosi Volunteer Fire Department Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include Philadelphia Steam Fire Engine Co No 1 of the Borough of Pottstown ($592k), Sociedad Amigos Del Hep ($594k) and First Volunteer Fire Company of Bergholz ($592k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $1.0m against liabilities of $486k, net assets of $548k.