Advance Fire Department Inc

Analysis

Advance Fire Department Inc is a registered charity in United States, based in Advance, NC. It received its IRS tax-exemption ruling in June 1989, 37 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, Advance Fire Department Inc reported income of $818k and spending of $820k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $301k to $818k (+172%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 93%. Over the whole period it spent 97% 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, Advance Fire Department Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Hatzalah of Michigan ($817k), West Glens Falls Fire Company No 1 Incorporated ($818k) and Northwest Avalanche Center ($814k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 0.3% of the total. Other salaries and wages came to $145k. At year end it held assets of $2.8m against liabilities of $1.1m, net assets of $1.7m. It reported 20 employees.