Kings Creek Volunteer Fire Dept

Analysis

Kings Creek Volunteer Fire Dept is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in December 1999, 27 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, Kings Creek Volunteer Fire Dept reported income of $349k and spending of $255k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $203k to $349k (+72%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 100% 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, Kings Creek Volunteer Fire Dept sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Friends of Nathaniel Witherell Inc ($349k), Damascus Volunteer Rescue Squad Inc ($349k) and Ocean Park Volunteer Fire and Rescue Unit Inc ($349k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $23k (8.9% of expenses). Other salaries and wages came to $34k. At year end it held assets of $406k against liabilities of $107k, net assets of $299k. It reported 6 employees.