Lowell Volunteer Fire Department

Analysis

Lowell Volunteer Fire Department is a registered charity in United States, based in Lowell, NC. It received its IRS tax-exemption ruling in April 2015, 11 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, Lowell Volunteer Fire Department reported income of $418k and spending of $467k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $247k to $418k (+69%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 104% 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, Lowell Volunteer Fire Department sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Sheffield-Calahaln Volunteer Fire Department Inc Rescue Inc ($417k), Argonaut ($418k) and Northwest Wisconsin Healthcare Emergency Readiness Coalition Inc ($417k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $181k. At year end it held assets of $283 against liabilities of $0, net assets of $283. It reported 41 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.