North Lexington Triangle Fire Department Inc

Analysis

North Lexington Triangle Fire Department Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in February 2023, 3 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 2024, North Lexington Triangle Fire Department Inc reported income of $463k and spending of $380k, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $252k to $463k (+84%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 57%. 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, North Lexington Triangle Fire Department Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Stony Hill Volunteer Fire Co Inc ($463k), Bath Volunteer Fire Dept Inc ($463k) and The North Stonington Volunteer Fire Company Inc ($463k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $7,200 (1.9% of expenses). Other salaries and wages came to $62k. At year end it held assets of $1.8m against liabilities of $498k, net assets of $1.3m. It reported 1 employees.