Cooleemee Volunteer Fire Department Inc Marginal Street

Analysis

Cooleemee Volunteer Fire Department Inc Marginal Street is a registered charity in United States, based in Cooleemee, NC. It received its IRS tax-exemption ruling in March 1984, 42 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, Cooleemee Volunteer Fire Department Inc Marginal Street reported income of $282k and spending of $266k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $586k to $282k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 70%. Over the whole period it spent 75% 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, Cooleemee Volunteer Fire Department Inc Marginal Street sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Bear Pond Rural Fire Department Inc ($282k), Kansas Emergency Medical Services Association Inc ($282k) and Yoakum Volunteer Fire Department Inc ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $34k (13% of expenses). Other salaries and wages came to $35k. At year end it held assets of $725k against liabilities of $1,334, net assets of $724k. It reported 13 employees.