Lincoln County NC Volunteer Firemens Association Inc

Analysis

Lincoln County NC Volunteer Firemens Association Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in April 2013, 13 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, Lincoln County NC Volunteer Firemens Association Inc reported income of $50k and spending of $64k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $62k to $50k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 139% 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, Lincoln County NC Volunteer Firemens Association Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Laura Taber Barbour Air Safety Foundation ($50k), CSX Employees Disaster Relief Fund Inc ($50k) and North Mountain Volunteer Fire Company ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.