Holly Grove Fire Department Inc

Analysis

Holly Grove Fire Department Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in June 2004, 22 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 April 2024, Holly Grove Fire Department Inc reported income of $385k and spending of $440k, spending 114% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $234k to $385k (+65%), an average of +13% a year. The sharpest change came in the year to April 2021, when income rose by 68%. Over the whole period it spent 83% 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, Holly Grove Fire Department Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Possum Kingdom West Side Volunteer Fire Department ($385k), Bedington Volunteer Fire Departmentinc ($385k) and North Mankato Firemens Relief Association ($385k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 4.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $30k (6.9% of expenses). Other salaries and wages came to $39k. At year end it held assets of $492k against liabilities of $1,647, net assets of $490k. It reported 10 employees.