Old Ford Volunteer Fire Dept Inc

Analysis

Old Ford Volunteer Fire Dept Inc is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in July 2023, 3 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, Old Ford Volunteer Fire Dept Inc reported income of $194k and spending of $245k, spending 126% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $152k to $194k (+28%), an average of +8.6% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 118% 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, Old Ford Volunteer Fire Dept Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Waymart Volunteer Fire Company ($194k), P a T T ($195k) and West Deer Township Volunteer Fire Department No 1 ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 52% of the total. At year end it held assets of $537k against liabilities of $206k, net assets of $331k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.