Moorefield Store Community Volunteer Fire Dept Inc

Analysis

Moorefield Store Community Volunteer Fire Dept Inc is a registered charity in United States, based in Spencer, VA. It received its IRS tax-exemption ruling in March 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, Moorefield Store Community Volunteer Fire Dept Inc reported income of $55k and spending of $45k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $85k to $55k (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 118% 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, Moorefield Store Community Volunteer Fire Dept Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Sidney Fire Foundation Inc ($55k), Cutler Volunteer Fire Co Inc ($55k) and Swat ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.