Welcome Fire Department Inc

Analysis

Welcome Fire Department Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in July 1979, 47 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, Welcome Fire Department Inc reported income of $741k and spending of $640k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $685k to $741k (+8.3%), an average of +2.0% a year. Over the whole period it spent 92% 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, Welcome 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 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Techniques for Effective Alcohol Management Incorporated ($740k), Milford Fire Department ($742k) and Pikesville Volunteer Fire Company Inc ($739k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $37k (5.7% of expenses). Other salaries and wages came to $235k. At year end it held assets of $987k against liabilities of $622k, net assets of $365k. It reported 30 employees.