West Stanly Fire Department Inc

Analysis

West Stanly Fire Department Inc is a registered charity in United States, based in Locust, NC. It received its IRS tax-exemption ruling in December 2008, 18 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 August 2023, West Stanly Fire Department Inc reported income of $57k and spending of $405k, spending 717% of what it took in. Across the 6 years on record, from June 2019 to August 2023, income fell from $923k to $57k (-94%), an average of -43% a year. The sharpest change came in the year to August 2023, when income dropped by 96%. Over the whole period it spent 106% 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, West Stanly Fire Department Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include LV Project ($57k), Ephraim Fire-Rescue Association Inc ($57k) and Lafayette Township Fire Department First Responder Squad ($56k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $62k (15% of expenses). Other salaries and wages came to $72k. At year end it held assets of $1.7m against liabilities of $650k, net assets of $1.0m. It reported 30 employees.