Mount Vernon Fire Department

Analysis

Mount Vernon Fire Department is a registered charity in United States, based in Mount Vernon, SD. It received its IRS tax-exemption ruling in February 2022, 4 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, Mount Vernon Fire Department reported income of $147k and spending of $68k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $147k (+7.6%), an average of +7.6% a year. Over the whole period it spent 40% 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, Mount Vernon Fire Department sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within SD. Charities of a similar size with the same main cause include Caney Branch Volunteer Fire Department ($146k), Bremond Volunteer Fire Department ($147k) and Jay Township Volunteer Fire Company Elk Company 5 ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 5.2% of the total. At year end it held assets of $913k against liabilities of $359k, net assets of $554k.