Clyde Volunteer Fire Department Inc

Analysis

Clyde Volunteer Fire Department Inc is a registered charity in United States, based in Clyde, NC. It received its IRS tax-exemption ruling in September 2016, 10 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, Clyde Volunteer Fire Department Inc reported income of $548k and spending of $471k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $423k to $548k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 92% 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, Clyde Volunteer Fire Department Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Lewis Township Fire and Rescue ($548k), Godwin-Falcon Fire Dept Inc ($548k) and Leary Firefighters Foundation ($548k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Other salaries and wages came to $146k. At year end it held assets of $1.6m against liabilities of $265k, net assets of $1.3m. It reported 11 employees.