New London Volunteer Fire Department Inc

Analysis

New London Volunteer Fire Department Inc is a registered charity in United States, based in New London, NC. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, New London Volunteer Fire Department Inc reported income of $422k and spending of $336k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $422k (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New London Volunteer Fire Department Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Houston Jewish Geriatric Foundation Inc ($422k), Community Shares Inc ($423k) and Maryville City Schools Foundation Inc ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $22k. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m. It reported 3 employees.