Etowah-Horseshoe Volunteer Fire & Rescue Department Inc

Analysis

Etowah-Horseshoe Volunteer Fire & Rescue Department Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in April 1989, 37 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 2024, Etowah-Horseshoe Volunteer Fire & Rescue Department Inc reported income of $2.6m and spending of $1.9m, leaving 29% of income unspent that year. Across the 6 years on record, from December 2019 to June 2024, income grew from $1.7m to $2.6m (+52%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 405%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Etowah-Horseshoe Volunteer Fire & Rescue Department 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 African American Alliance for Home Ownership Inc ($2.6m), Ronald McDonald House Charities of Hawaii Inc ($2.6m) and Washington Campus Inc ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $126k (6.8% of expenses). Other salaries and wages came to $587k. At year end it held assets of $3.5m against liabilities of $906k, net assets of $2.5m. It reported 33 employees.