Patterson Volunteer Fire Departmentinc

Analysis

Patterson Volunteer Fire Departmentinc is a registered charity in United States, based in Patterson, NC. It received its IRS tax-exemption ruling in September 2008, 18 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 2023, Patterson Volunteer Fire Departmentinc reported income of $410k and spending of $330k, spending 80% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $288k to $410k (+42%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 90% 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, Patterson Volunteer Fire Departmentinc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Gilbertsville Fire & Rescue Company ($410k), Madera Volunteer Fire Company Inc ($410k) and Hand in Hand Fire Company ($409k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.8m against liabilities of $488k, net assets of $1.3m. It reported 7 employees.