Sharp Point Volunteer Fire Department Inc

Analysis

Sharp Point Volunteer Fire Department Inc is a registered charity in United States, based in Fountain, NC. It received its IRS tax-exemption ruling in November 2001, 25 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, Sharp Point Volunteer Fire Department Inc reported income of $93k and spending of $87k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $50k to $93k (+88%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 75% 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, Sharp Point Volunteer Fire Department Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Garrison Volunteer Fire Dept ($93k), Edwardsport Volunteer Fire Department Incorporated ($93k) and Independence TWP Volunteer Fire Dept ($93k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $538k against liabilities of $16k, net assets of $522k.