Chincoteague Volunteer Fire Company Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,087,109 | 889,724 | 197,385 | 17.4 | 0% |
| 2021 | 947,419 | 1,355,225 | −407,806 | 7.8 | 0% |
| 2022 | 1,423,555 | 1,511,682 | −88,127 | 6.3 | 0% |
| 2023 | 1,287,503 | 1,152,897 | 134,606 | 31.9 | 0% |
In its most recent public year (2023), this organization brought in $134,606 more than it spent. Its reserves stood at about 31.9 months of spending, up from 17.4 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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