E M Holt Community Volunteer Fire Department

Analysis

E M Holt Community Volunteer Fire Department is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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, E M Holt Community Volunteer Fire Department reported income of $997k and spending of $851k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $854k to $997k (+17%), an average of +3.9% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, E M Holt Community Volunteer Fire Department sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Wee Care at Labor ($997k), Main Street Foundation ($997k) and Little Sisters of the Poor Service Corporation ($997k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $152k (18% of expenses). Other salaries and wages came to $192k. At year end it held assets of $3.0m against liabilities of $932k, net assets of $2.1m. It reported 39 employees.