Saluda Volunteer Fire & Rescue Inc

Analysis

Saluda Volunteer Fire & Rescue Inc is a registered charity in United States, based in Saluda, NC. It received its IRS tax-exemption ruling in June 2022, 4 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, Saluda Volunteer Fire & Rescue Inc reported income of $755k and spending of $742k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $557k to $755k (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 95% 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, Saluda Volunteer Fire & Rescue Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Norwood Fire Co-1 ($753k), Triangle Volunteer Fire Department Inc ($756k) and Manchester Fire Engine & Hook & Ladder Co No 1 ($752k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $219k (30% of expenses). Other salaries and wages came to $134k. At year end it held assets of $1.6m against liabilities of $829k, net assets of $769k. It reported 23 employees.