Bannertown Volunteer Fire Dept Inc

Analysis

Bannertown Volunteer Fire Dept Inc is a registered charity in United States, based in Mount Airy, NC. It received its IRS tax-exemption ruling in June 2010, 16 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 June 2024, Bannertown Volunteer Fire Dept Inc reported income of $818k and spending of $668k, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $541k to $818k (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 82% 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, Bannertown Volunteer Fire Dept Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include West Glens Falls Fire Company No 1 Incorporated ($818k), West Central Florida Driver Improvement Inc ($818k) and Advance Fire Department Inc ($818k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $2.8m against liabilities of $465k, net assets of $2.4m. It reported 3 employees.