Ceredo Volunteer Fire Department Inc

Analysis

Ceredo Volunteer Fire Department Inc is a registered charity in United States, based in Ceredo, WV. It received its IRS tax-exemption ruling in September 2005, 21 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, Ceredo Volunteer Fire Department Inc reported income of $463k and spending of $480k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $441k to $463k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 110% 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, Ceredo Volunteer Fire Department Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WV. Charities of a similar size with the same main cause include Bath Volunteer Fire Dept Inc ($463k), Garren Creek Volunteer Fire Department Inc ($464k) and North Lexington Triangle Fire Department Inc ($463k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Other salaries and wages came to $200k. At year end it held assets of $125k against liabilities of $116k, net assets of $8,949. It reported 30 employees.