Mills River Volunteer Fire Department Inc

Analysis

Mills River Volunteer Fire Department Inc is a registered charity in United States, based in Mills River, NC. It received its IRS tax-exemption ruling in March 1989, 37 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 June 2023, Mills River Volunteer Fire Department Inc reported income of $8.6m and spending of $7.3m, spending 84% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.8m to $8.6m (+376%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 295%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mills River 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 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include The Arc of Iroquois County ($8.6m), Collegebound Foundation Inc ($8.6m) and Capital Certified Development Corporation ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $56k (0.8% of expenses). Other salaries and wages came to $470k. At year end it held assets of $20.5m against liabilities of $7.6m, net assets of $12.9m. It reported 47 employees.