Waco Community Volunteer Fire Department Inc

Analysis

Waco Community Volunteer Fire Department Inc is a registered charity in United States, based in Waco, NC. It received its IRS tax-exemption ruling in September 1974, 52 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 December 2023, Waco Community Volunteer Fire Department Inc reported income of $652k and spending of $509k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $652k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 93% 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, Waco Community Volunteer Fire Department Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Loudon County Volunteer Emergency Rescue Squad ($652k), Volunteer Fire Company No 1 of Chesapeake City Incorporated ($653k) and New Franklin Fire Department ($652k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $184k. At year end it held assets of $1.9m against liabilities of $1.7m, net assets of $192k.