Corolla Fire and Rescue Foundation

Analysis

Corolla Fire and Rescue Foundation is a registered charity in United States, based in Corolla, NC. It received its IRS tax-exemption ruling in January 2017, 9 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Corolla Fire and Rescue Foundation reported income of $207k and spending of $214k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $207k (+76%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 99% 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, Corolla Fire and Rescue Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Volunteer Fire Department of Carroll Township ($207k), Choconut Center Volunteer Fire Co Inc ($208k) and Fire Cheifs Assn of Broward County ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.4m against liabilities of $939, net assets of $1.4m.