Prospect Hill Volunteer Fire Department

Analysis

Prospect Hill Volunteer Fire Department is a registered charity in United States, based in Prospect Hill, NC. It received its IRS tax-exemption ruling in March 2005, 21 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, Prospect Hill Volunteer Fire Department reported income of $223k and spending of $207k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $223k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 66% 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, Prospect Hill Volunteer Fire Department sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Llanerch Fire Company ($223k), Lairdsville Community Vol Fire Co ($223k) and Bluff City Vol Fire Dept ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $803k against liabilities of $0, net assets of $803k.