Bakers Volunteer Fire & Rescue Dept

Analysis

Bakers Volunteer Fire & Rescue Dept is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in July 2009, 17 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 2024, Bakers Volunteer Fire & Rescue Dept reported income of $2.1m and spending of $1.7m, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $2.1m (+77%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 78% 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, Bakers Volunteer Fire & Rescue Dept sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Berlin Fire Company Emergency Medical Services Inc ($2.1m), Rolesville Rural Fire Dept Inc ($2.1m) and Sccomadc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $625k. At year end it held assets of $7.9m against liabilities of $2.7m, net assets of $5.2m. It reported 33 employees.