Lovelady Volunteer Fire Department Incorporated

Analysis

Lovelady Volunteer Fire Department Incorporated is a registered charity in United States, based in Rutherfrd CLG, NC. It received its IRS tax-exemption ruling in May 1992, 34 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, Lovelady Volunteer Fire Department Incorporated reported income of $658k and spending of $441k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $484k to $658k (+36%), an average of +8.0% a year. 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, Lovelady Volunteer Fire Department Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Santo Volunteer Fire and Ems Department ($658k), Nokesville Volunteer Fire Dept Inc ($659k) and Hope Fire Company ($657k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $80k. At year end it held assets of $2.7m against liabilities of $8,658, net assets of $2.7m. It reported 16 employees.