Madison Volunteer Fire Department Inc

Analysis

Madison Volunteer Fire Department Inc is a registered charity in United States, based in Madison, WV. It received its IRS tax-exemption ruling in May 2001, 25 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 June 2024, Madison Volunteer Fire Department Inc reported income of $222k and spending of $244k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $152k to $222k (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 108% 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, Madison Volunteer Fire Department Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within WV. Charities of a similar size with the same main cause include Gasburg Volunteer Fire Department ($222k), The Flushing Volunteer Fire Department ($222k) and Lenola Fire Company Emergency Unit Inc ($222k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $144k, net assets of $1.3m.