Drowning Creek Volunteer Fire Dept Inc

Analysis

Drowning Creek Volunteer Fire Dept Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in March 2022, 4 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 July 2023, Drowning Creek Volunteer Fire Dept Inc reported income of $136k and spending of $106k, leaving 22% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $93k to $136k (+46%), an average of +46% a year. The sharpest change came in the year to July 2023, when income rose by 46%. Over the whole period it spent 76% 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, Drowning Creek Volunteer Fire Dept Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Beallsville Volunteer and Community Fire Department ($136k), Elizabethtown Fire Protection Endownment Fund Inc ($136k) and Port Clinton Fire Co Inc ($136k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $508k against liabilities of $210k, net assets of $298k.