Hemby Bridge Volunteer Fire Department Inc

Analysis

Hemby Bridge Volunteer Fire Department Inc is a registered charity in United States, based in Indian Trail, NC. It received its IRS tax-exemption ruling in June 1977, 49 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 April 2023, Hemby Bridge Volunteer Fire Department Inc reported income of $3.2m and spending of $1.8m, leaving 43% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $2.2m to $3.2m (+46%), an average of +13% a year. The sharpest change came in the year to April 2022, when income rose by 23%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hemby Bridge Volunteer Fire Department Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Glen Ellyn Food Pantry Inc ($3.2m), Lake Union Child Care ($3.2m) and Seeds of Hope of Northern Colorado Inc ($3.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $209k (12% of expenses). Other salaries and wages came to $783k. At year end it held assets of $13.5m against liabilities of $3.2m, net assets of $10.3m. It reported 48 employees.