Shannon Volunteer Fire Department Inc

Analysis

Shannon Volunteer Fire Department Inc is a registered charity in United States, based in Shannon, NC. It received its IRS tax-exemption ruling in September 2004, 22 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 2024, Shannon Volunteer Fire Department Inc reported income of $273k and spending of $200k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $236k to $273k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 72% 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, Shannon Volunteer Fire Department Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Hartford Volunteer Fire Co Inc ($273k), Forest Volunteer Fire Department ($273k) and Marshland Festival Association ($273k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 78% of the total. At year end it held assets of $1.2m against liabilities of $28k, net assets of $1.2m.