Newland Volunteer Fire Department

Analysis

Newland Volunteer Fire Department is a registered charity in United States, based in Newland, NC. It received its IRS tax-exemption ruling in January 2024, 2 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, Newland Volunteer Fire Department reported income of $117k and spending of $162k, spending 139% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $164k to $117k (-29%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 100% 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, Newland Volunteer Fire Department sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Mora Fire Department Relief Association ($117k), Lynnport Community Fire Company No 1 ($117k) and Wilson Fire Co No 1 ($117k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 62% of the total. At year end it held assets of $286k against liabilities of $0, net assets of $286k.