Tri-Valley Volunteer Fire Department

Analysis

Tri-Valley Volunteer Fire Department is a registered charity in United States, based in Healy, AK. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Tri-Valley Volunteer Fire Department reported income of $654k and spending of $719k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $496k to $654k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 186%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tri-Valley Volunteer Fire Department sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AK. Charities of a similar size with the same main cause include Terryville Lions Charities Inc ($654k), United Way of Mid Rural New York Inc ($654k) and Evas Heroes ($653k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $15k (2.1% of expenses). Other salaries and wages came to $302k. At year end it held assets of $1.8m against liabilities of $11k, net assets of $1.8m. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.