Central School Volunteer Fire Department Inc

Analysis

Central School Volunteer Fire Department Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in October 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 May 2023, Central School Volunteer Fire Department Inc reported income of $624k and spending of $491k, leaving 21% of income unspent that year. Across the 4 years on record, from May 2019 to May 2023, income grew from $337k to $624k (+85%), an average of +23% a year. The sharpest change came in the year to May 2022, when income rose by 56%. Over the whole period it spent 92% 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, Central School Volunteer Fire Department Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include North Eastern Alamance Volunteer Fire Department Inc ($624k), Mortlake Fire Company of Brooklyn Connecticut Inc ($625k) and Oak Grove Volunteer Fire Dept Inc ($623k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.9m against liabilities of $152k, net assets of $1.8m. It reported 11 employees.