Number Seven Volunteer Fire Department Inc

Analysis

Number Seven Volunteer Fire Department Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in November 2017, 9 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 2024, Number Seven Volunteer Fire Department Inc reported income of $833k and spending of $505k, leaving 39% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $227k to $833k (+267%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 98%. Over the whole period it spent 67% 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, Number Seven Volunteer Fire Department Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Lawrence County Fire & Rescue Inc ($832k), Monroeville Fire Co 6 ($833k) and Sustainable Healthcare Initiatives ($831k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $7,073 (1.4% of expenses). Other salaries and wages came to $104k. At year end it held assets of $6.2m against liabilities of $1.8m, net assets of $4.4m. It reported 31 employees.