Swannanoa Volunteer Fire Department & Rescue Squad Inc

Analysis

Swannanoa Volunteer Fire Department & Rescue Squad Inc is a registered charity in United States, based in Swannanoa, NC. It received its IRS tax-exemption ruling in March 1978, 48 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 June 2023, Swannanoa Volunteer Fire Department & Rescue Squad Inc reported income of $2.6m and spending of $2.3m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.6m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Swannanoa Volunteer Fire Department & Rescue Squad Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Pompton Lakes Senior Citizens Housing Corp ($2.6m), M a G B Transportation Inc ($2.6m) and Black Swamp Area Council Inc Boy Scouts of America ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $107k (4.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.1m against liabilities of $2.3m, net assets of $2.8m. It reported 34 employees.