Lawsonville Volunteer Fire Department Inc

Analysis

Lawsonville Volunteer Fire Department Inc is a registered charity in United States, based in Lawsonville, NC. It received its IRS tax-exemption ruling in November 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lawsonville Volunteer Fire Department Inc reported income of $261k and spending of $316k, spending 121% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $205k to $261k (+27%), an average of +5.0% a year. The sharpest change came in the year to June 2020, when income rose by 55%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lawsonville Volunteer Fire Department Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Racehorse Remember Me Rescue Foundation ($261k), Thomas C & Sandra S Sullivan Foundation ($261k) and St James Court Historic Foundation Inc ($261k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $7,568 (2.4% of expenses). Other salaries and wages came to $41k. At year end it held assets of $819k against liabilities of $298k, net assets of $521k. It reported 11 employees.