Wayside Volunteer Fire Department Inc

Analysis

Wayside Volunteer Fire Department Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in August 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Wayside Volunteer Fire Department Inc reported income of $513k and spending of $532k, spending 104% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $796k to $513k (-36%), an average of -14% a year. The sharpest change came in the year to March 2022, when income dropped by 26%. Over the whole period it spent 83% 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, Wayside Volunteer Fire Department Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include South Hill Volunteer Fire Department ($512k), North East Volunteer Fire Dept Inc ($513k) and Fame Fire Company No 3 of West Chester Pa ($512k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (8.8% of expenses). Other salaries and wages came to $146k. At year end it held assets of $1.7m against liabilities of $378k, net assets of $1.3m. It reported 16 employees.