Catawba Volunteer Fire Department Inc

Analysis

Catawba Volunteer Fire Department Inc is a registered charity in United States, based in Catawba, NC. It received its IRS tax-exemption ruling in May 2013, 13 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, Catawba Volunteer Fire Department Inc reported income of $1.7m and spending of $510k, leaving 70% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $381k to $1.7m (+351%), an average of +46% a year. The sharpest change came in the year to June 2024, when income rose by 256%. Over the whole period it spent 56% 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, Catawba Volunteer Fire Department Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Emergency Squad No 1 of Sidney Fire Dept of the Village of Sidney Inc ($1.7m), Howards Creek Volunteer Fire Dept Inc ($1.7m) and Saranac Lake Volunteer Rescue Squad Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $102k (20% of expenses). Other salaries and wages came to $50k. At year end it held assets of $5.0m against liabilities of $3.1m, net assets of $1.8m. It reported 8 employees.