Midway Fire & Rescue Department Inc

Analysis

Midway Fire & Rescue Department Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in September 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Midway Fire & Rescue Department Inc reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.4m (+19%), an average of +4.3% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 94% 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, Midway Fire & Rescue Department Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Swepsonville Volunteer Fire Department ($1.4m), Marydel Volunteer Fire Co Inc ($1.5m) and Dana Volunteer Fire Department Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $116k (8.8% of expenses). Other salaries and wages came to $527k. At year end it held assets of $1.8m against liabilities of $887k, net assets of $955k. It reported 34 employees.