Hudson Volunteer Fire Department Inc

Analysis

Hudson Volunteer Fire Department Inc is a registered charity in United States, based in Hudson, NC. It received its IRS tax-exemption ruling in August 2019, 7 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, Hudson Volunteer Fire Department Inc reported income of $900k and spending of $960k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $582k to $900k (+54%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 65%. Over the whole period it spent 103% 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, Hudson Volunteer Fire Department Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Walksandiego ($898k), Phoenix Police Foundation Inc ($900k) and Palmerton Community Ambulance Association ($897k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $410k (43% of expenses). Other salaries and wages came to $32k. At year end it held assets of $1.0m against liabilities of $416k, net assets of $625k. It reported 13 employees.