Cotton Volunteer Fire Department Inc

Analysis

Cotton Volunteer Fire Department Inc is a registered charity in United States, based in Hope Mills, NC. It received its IRS tax-exemption ruling in April 2023, 3 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, Cotton Volunteer Fire Department Inc reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.4m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 101% 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, Cotton Volunteer Fire Department Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Huntingtown Volunteer Fire Department Rescue Squad ($1.4m), Fallston Volunteer Fire and Ambulance Co Inc ($1.4m) and Central Crossing Fire Protection District ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 94% of the total. Other salaries and wages came to $590k. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m. It reported 34 employees.