South Stokes Volunteer Fire Department Inc

Analysis

South Stokes Volunteer Fire Department Inc is a registered charity in United States, based in Walnut Cove, NC. It received its IRS tax-exemption ruling in January 2011, 15 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, South Stokes Volunteer Fire Department Inc reported income of $459k and spending of $502k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $318k to $459k (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 190% 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, South Stokes Volunteer Fire Department Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Cicero Volunteer Fire Department ($459k), Kilmarnock Lancaster County Volunteer Rescue Squard Inc ($460k) and South Boston Fire Co Inc ($459k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $21k (4.2% of expenses). Other salaries and wages came to $8,295. At year end it held assets of $1.5m against liabilities of $337k, net assets of $1.2m. It reported 9 employees.

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.