Silver Lake Volunteer Fire Departmant Inc

Analysis

Silver Lake Volunteer Fire Departmant Inc is a registered charity in United States, based in Wilson, NC. It received its IRS tax-exemption ruling in March 2008, 18 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, Silver Lake Volunteer Fire Departmant Inc reported income of $272k and spending of $213k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $323k to $272k (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 72% 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, Silver Lake Volunteer Fire Departmant Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Clarendon Fire Co Inc ($272k), Port Oconner Volunteer Fire Department ($272k) and Barnegat Fire Co No 1 ($272k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.1m against liabilities of $15k, net assets of $1.1m.