Elkton Volunteer Fire Co Inc

Analysis

Elkton Volunteer Fire Co Inc is a registered charity in United States, based in Elkton, VA. It received its IRS tax-exemption ruling in April 2008, 18 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, Elkton Volunteer Fire Co Inc reported income of $228k and spending of $331k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $463k to $228k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 127% 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, Elkton Volunteer Fire Co Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Corinth Volunteer Fire Department Inc ($228k), Common Ground Relief ($228k) and Tunnelton Volunteer Fire Dept ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $2.8m against liabilities of $2.0m, net assets of $804k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.