Monterey Volunteer Fire Department

Analysis

Monterey Volunteer Fire Department is a registered charity in United States, based in Monterey, IN. It received its IRS tax-exemption ruling in March 2009, 17 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 2022, Monterey Volunteer Fire Department reported income of $79k and spending of $59k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $84k to $79k (-6.1%), an average of -6.1% a year. Over the whole period it spent 78% 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, Monterey Volunteer Fire Department sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within IN. Charities of a similar size with the same main cause include Better Ohio Teen Drivers Inc ($79k), W Thompson Independent Fire Association 1 Inc ($79k) and Highland Hose Company No 1 Inc of Highland New York ($79k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 6.3% and program service revenue 88% of the total. At year end it held assets of $88k against liabilities of $11k, net assets of $77k.