Balsam Grove Volunteer Fire Department Inc

Analysis

Balsam Grove Volunteer Fire Department Inc is a registered charity in United States, based in Balsam Grove, NC. It received its IRS tax-exemption ruling in April 2021, 5 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, Balsam Grove Volunteer Fire Department Inc reported income of $286k and spending of $138k, leaving 52% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $207k to $286k (+38%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 58% 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, Balsam Grove 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 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Westside Volunteer Firefighters Inc ($286k), Watauga Volunteer Fire Department 8038-G ($286k) and Caernarvon Fire Company ($286k).

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 $8,340. At year end it held assets of $690k against liabilities of $154k, net assets of $536k. It reported 2 employees.