Charlotte Fire and Rescue Services Inc

Analysis

Charlotte Fire and Rescue Services Inc is a registered charity in United States, based in Charlotte, VT. It received its IRS tax-exemption ruling in April 2002, 24 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 governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Charlotte Fire and Rescue Services Inc reported income of $1.2m and spending of $1.4m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $948k to $1.2m (+31%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 106% 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, Charlotte Fire and Rescue Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within VT. Charities of a similar size with the same main cause include Bowmansville Vol Firemen Assn Inc ($1.2m), Eagle Rock-Golden-Mano Fire Dept ($1.2m) and Hughesville Vol Fire Dept and Resue Squad Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $234k (17% of expenses). Other salaries and wages came to $459k. At year end it held assets of $4.1m against liabilities of $36k, net assets of $4.0m. It reported 55 employees.