Waxhaw Community Volunteer Fire Department and Rescue Squad Inc

Analysis

Waxhaw Community Volunteer Fire Department and Rescue Squad Inc is a registered charity in United States, based in Waxhaw, NC. It received its IRS tax-exemption ruling in December 2003, 23 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 2023, Waxhaw Community Volunteer Fire Department and Rescue Squad Inc reported income of $3.6m and spending of $2.5m, leaving 31% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $3.6m (+61%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 63% 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, Waxhaw Community Volunteer Fire Department and Rescue Squad Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include North Amityville Fire Company Inc ($3.6m), Volunteer Hose Company of Middletown ($3.7m) and Louisiana Rural Ambulance Alliance Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $7.2m against liabilities of $1.0m, net assets of $6.2m. It reported 57 employees.