Franklin Community Volunteer Fire Department Inc

Analysis

Franklin Community Volunteer Fire Department Inc is a registered charity in United States, based in Mount Airy, NC. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, Franklin Community Volunteer Fire Department Inc reported income of $511k and spending of $430k, spending 84% of its income. Across the 5 years on record, from December 2017 to December 2023, income grew from $444k to $511k (+15%), an average of +3.6% a year. Over the whole period it spent 96% 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, Franklin Community 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 Magnolia Springs Volunteer Fire Department Incorporated ($511k), Mocanaqua Volunteer Fire Company No 1 Inc ($512k) and Raquette Lake Fire Department Inc ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (4.2% of expenses). Other salaries and wages came to $88k. At year end it held assets of $4.7m against liabilities of $1.6m, net assets of $3.1m. It reported 10 employees.