Cornwall Volunteer Fire Department

Analysis

Cornwall Volunteer Fire Department is a registered charity in United States, based in Bullock, NC. It received its IRS tax-exemption ruling in March 2009, 17 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 December 2022, Cornwall Volunteer Fire Department reported income of $173k and spending of $72k, leaving 58% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $183k to $173k (-5.4%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 216%. Over the whole period it spent 54% 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, Cornwall Volunteer Fire Department sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Good Shepherd Center ($173k), Lakewood First Aid & Emergency Squad Inc ($174k) and Marengo Firefighters Association ($173k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 88% of the total. At year end it held assets of $509k against liabilities of $18k, net assets of $491k.