Forbush Volunteer Fire Dept Inc

Analysis

Forbush Volunteer Fire Dept Inc is a registered charity in United States, based in Yadkinville, NC. It received its IRS tax-exemption ruling in August 2014, 12 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, Forbush Volunteer Fire Dept Inc reported income of $364k and spending of $334k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $279k to $364k (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 89% 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, Forbush Volunteer Fire Dept Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Aquadale Rural Volunteer Fire Department Inc ($364k), Montana City Volunteer Fire Dept ($365k) and Ceffo Volunteer Fire and Rescue Department ($364k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Other salaries and wages came to $46k. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.0m. It reported 5 employees.