Boiling Springs Fire and Rescue

Analysis

Boiling Springs Fire and Rescue is a registered charity in United States, based in Boiling SPGS, NC. It received its IRS tax-exemption ruling in July 2010, 16 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 2022, Boiling Springs Fire and Rescue reported income of $850k and spending of $841k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $606k to $850k (+40%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 101% 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, Boiling Springs Fire and Rescue sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Coalicion Fortaleza ($845k), Rosman Fire Rescue Inc ($850k) and Hose Co No 1 Honesdale Fire Department ($844k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $55k (6.6% of expenses). Other salaries and wages came to $233k. At year end it held assets of $1.2m against liabilities of $191k, net assets of $1.0m. It reported 40 employees.