New Hope Volunteer Fire Department of Orange County Inc

Analysis

New Hope Volunteer Fire Department of Orange County Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in July 1975, 51 years ago. 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, New Hope Volunteer Fire Department of Orange County Inc reported income of $1.2m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $965k to $1.2m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Volunteer Fire Department of Orange County Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include National Church Residences ($1.2m), Croton Free Library ($1.2m) and Franciscan Shelters ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 86% of the total. Other salaries and wages came to $478k. At year end it held assets of $2.0m against liabilities of $688k, net assets of $1.3m. It reported 24 employees.