South Side Volunteer Fire Department Incorporated

Analysis

South Side Volunteer Fire Department Incorporated is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in October 1997, 29 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, South Side Volunteer Fire Department Incorporated reported income of $352k and spending of $458k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $352k (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 116% 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, South Side Volunteer Fire Department Incorporated 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 Hope Fire Engine & Hose Co No 1 ($352k), Chester Gap Volunteer Fire ($352k) and Kearsarge Fire Department ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $40k. At year end it held assets of $1.5m against liabilities of $1.2m, net assets of $363k. It reported 8 employees.

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.