Ridgeway Volunteer Rural Fire Association Inc

Analysis

Ridgeway Volunteer Rural Fire Association Inc is a registered charity in United States, based in Ridgeway, NC. It received its IRS tax-exemption ruling in June 1989, 37 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 December 2023, Ridgeway Volunteer Rural Fire Association Inc reported income of $117k and spending of $66k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $147k to $117k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. 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, Ridgeway Volunteer Rural Fire Association Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Lynnport Community Fire Company No 1 ($117k), Hose Company No 1 of Ford City Pennsylvania ($117k) and Newland Volunteer Fire Department ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $283k against liabilities of $91k, net assets of $192k.