Verona Volunteer Fire Department Inc

Analysis

Verona Volunteer Fire Department Inc is a registered charity in United States, based in Jacksonville, NC. It received its IRS tax-exemption ruling in January 1990, 36 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 2024, Verona Volunteer Fire Department Inc reported income of $551k and spending of $179k, leaving 67% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $164k to $551k (+235%), an average of +35% a year. The sharpest change came in the year to June 2024, when income rose by 183%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Verona Volunteer Fire Department Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include American Family Living ($551k), Bolla Charity Foundation ($551k) and Life Network Inc ($551k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. At year end it held assets of $1.4m against liabilities of $1,589, net assets of $1.4m.