French Broad Volunteer Fire & Rescue Inc

Analysis

French Broad Volunteer Fire & Rescue Inc is a registered charity in United States, based in Alexander, NC. It received its IRS tax-exemption ruling in November 2012, 14 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, French Broad Volunteer Fire & Rescue Inc reported income of $969k and spending of $855k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $578k to $969k (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 90% 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, French Broad Volunteer Fire & Rescue Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Middlefield Volunteer Fire Dept Inc ($969k), Coldwater of Lees Summit ($970k) and Tar Heel Rural Volunteer Fire Dept Inc ($968k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $69k (8.1% of expenses). Other salaries and wages came to $363k. At year end it held assets of $1.5m against liabilities of $574k, net assets of $893k. It reported 24 employees.