Burningtown-Iotla Volunteer Fire & Rescue Inc

Analysis

Burningtown-Iotla Volunteer Fire & Rescue Inc is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in November 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 June 2023, Burningtown-Iotla Volunteer Fire & Rescue Inc reported income of $378k and spending of $441k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $93k to $378k (+305%), an average of +42% a year. The sharpest change came in the year to June 2021, when income rose by 107%. Over the whole period it spent 113% 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, Burningtown-Iotla Volunteer Fire & Rescue Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Hugo Volunteer Fire Department Inc ($378k), PD Cares Inc ($378k) and Lillian Volunteer Fire Department Inc ($378k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $82k. At year end it held assets of $863k against liabilities of $670k, net assets of $193k. It reported 5 employees.