Tryonota Volunteer Fire Department Inc

Analysis

Tryonota Volunteer Fire Department Inc is a registered charity in United States, based in Bessemer City, NC. It received its IRS tax-exemption ruling in October 2021, 5 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, Tryonota Volunteer Fire Department Inc reported income of $561k and spending of $406k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to June 2024, income grew from $346k to $561k (+62%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 285%. Over the whole period it spent 71% 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, Tryonota Volunteer Fire Department Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Inlet Volunteer Emergency Services Inc ($561k), Lakeland Volunteer Fire Department ($562k) and Lowville Fire Dept Inc ($560k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 89% of the total. Other salaries and wages came to $151k. At year end it held assets of $5.1m against liabilities of $1.4m, net assets of $3.7m. It reported 11 employees.