Lone Hickory Volunteer Fire Department Inc

Analysis

Lone Hickory Volunteer Fire Department Inc is a registered charity in United States, based in Yadkinville, NC. It received its IRS tax-exemption ruling in March 1990, 36 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, Lone Hickory Volunteer Fire Department Inc reported income of $218k and spending of $223k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $180k to $218k (+21%), an average of +6.6% a year. Over the whole period it spent 112% 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, Lone Hickory Volunteer Fire Department Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Brady Township Volunteer Fire Rescue & Ambulance Company Inc ($218k), Shawnee Valley Volunteer Fire Company ($218k) and Scho-Wright Ambulance Service Inc ($218k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1,800 (0.8% of expenses). Other salaries and wages came to $43k. At year end it held assets of $509k against liabilities of $60k, net assets of $449k. It reported 6 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.