Huntsville Volunteer Fire Dept

Analysis

Huntsville Volunteer Fire Dept is a registered charity in United States, based in Madison, NC. It received its IRS tax-exemption ruling in September 1976, 50 years ago. 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 2023, Huntsville Volunteer Fire Dept reported income of $493k and spending of $581k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $493k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Huntsville Volunteer Fire Dept sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Miami County Community Foundation ($493k), The Foundation for Muskegon Community College Inc ($493k) and South Charlotte Recreation Association Inc ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $124k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 20 employees.