Hopewell Volunteer Fire Department

Analysis

Hopewell Volunteer Fire Department is a registered charity in United States, based in Madisonville, TN. It received its IRS tax-exemption ruling in June 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hopewell Volunteer Fire Department reported income of $161k and spending of $82k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $161k (+172%), an average of +172% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 58% 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, Hopewell Volunteer Fire Department sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within TN. Charities of a similar size with the same main cause include South Salem Fire Dept Inc ($161k), Decorah Volunteer Fire Department ($161k) and Oldwick Fire Company Inc ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $201k against liabilities of $0, net assets of $201k.