Lanes Creek Volunteer Fire Department Inc

Analysis

Lanes Creek Volunteer Fire Department Inc is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in February 2013, 13 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, Lanes Creek Volunteer Fire Department Inc reported income of $368k and spending of $255k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $312k to $368k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2020, when income rose by 39%. Over the whole period it spent 76% 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, Lanes Creek Volunteer Fire Department Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Honey Brook Fire Co 1 ($368k), Rise Tampa Our Police Foundation ($368k) and St Johnsburg Fire Co Inc ($368k).

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 $85k. At year end it held assets of $673k against liabilities of $0, net assets of $673k. It reported 12 employees.