Cool Springs Volunteer Fire Department Inc

Analysis

Cool Springs Volunteer Fire Department Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in April 1988, 38 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, Cool Springs Volunteer Fire Department Inc reported income of $2.0m and spending of $933k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $674k to $2.0m (+198%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 75% 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, Cool Springs Volunteer Fire Department Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Monmouth Beach Fire Company Inc ($2.0m), Washington County Volunteer Fire & Rescue Association of Maryland Inc ($2.0m) and Girdwood Volunteer Fire and Rescue Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $246k. At year end it held assets of $5.9m against liabilities of $1.5m, net assets of $4.3m. It reported 40 employees.