Mineral Springs Volunteer Fire Department Inc

Analysis

Mineral Springs Volunteer Fire Department Inc is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in May 2011, 15 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, Mineral Springs Volunteer Fire Department Inc reported income of $1.9m and spending of $1.3m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $927k to $1.9m (+108%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 84% 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, Mineral Springs Volunteer Fire Department Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Hacking for Defense Incorporated ($1.9m), California Volunteers Fund ($1.9m) and Mid Sussex Rescue Squad Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $3.5m against liabilities of $1.0m, net assets of $2.4m.