Silver Valley Volunteer Fire Department Inc

Analysis

Silver Valley Volunteer Fire Department Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in March 2024, 2 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 Valley Volunteer Fire Department Inc reported income of $682k and spending of $496k, leaving 27% of income unspent that year. Across the 6 years on record, from June 2019 to June 2023, income grew from $470k to $682k (+45%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 91% 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 Valley Volunteer Fire Department Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include South Foster Volunteer Fire Co ($682k), South Berkeley Volunteer Fire Company ($682k) and Sawmills Volunteer Fire Department Inc ($681k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $38k (7.7% of expenses). Other salaries and wages came to $22k. At year end it held assets of $1.9m against liabilities of $1.5m, net assets of $419k. It reported 2 employees.