Sugar Hill-Montford Cove Volunteer Fire Department Inc

Analysis

Sugar Hill-Montford Cove Volunteer Fire Department Inc is a registered charity in United States, based in Marion, NC. It received its IRS tax-exemption ruling in April 1989, 37 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, Sugar Hill-Montford Cove Volunteer Fire Department Inc reported income of $490k and spending of $416k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $595k to $490k (-18%), an average of -6.3% a year. The sharpest change came in the year to June 2022, when income rose by 264%. 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, Sugar Hill-Montford Cove Volunteer Fire Department Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Dr S E Thompson Scholarship Fund ($490k), Chinese Staff and Workers Association Inc ($490k) and Wings of Valor Inc ($490k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $109k. At year end it held assets of $1.2m against liabilities of $235k, net assets of $1.0m. It reported 7 employees.