Hugo Volunteer Fire Department Inc

Analysis

Hugo Volunteer Fire Department Inc is a registered charity in United States, based in Grifton, NC. It received its IRS tax-exemption ruling in August 1983, 43 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, Hugo Volunteer Fire Department Inc reported income of $378k and spending of $355k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $703k to $378k (-46%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 45%. Over the whole period it spent 66% 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, Hugo Volunteer Fire Department Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Lillian Volunteer Fire Department Inc ($378k), Burningtown-Iotla Volunteer Fire & Rescue Inc ($378k) and Holly Lake Volunteer Fire Department Incorporated Wood Count ($377k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $1.7m against liabilities of $81k, net assets of $1.7m.