Albertson Volunteer Fire Department

Analysis

Albertson Volunteer Fire Department is a registered charity in United States, based in Albertson, NC. It received its IRS tax-exemption ruling in May 2014, 12 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 2024, Albertson Volunteer Fire Department reported income of $271k and spending of $206k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $216k to $271k (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 74% 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, Albertson Volunteer Fire Department sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Troutville Volunteer Fire Department of Botetourt County ($271k), Cranesville Fire Department ($272k) and Iadlest Foundation ($271k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 79% of the total. At year end it held assets of $1.3m against liabilities of $413k, net assets of $859k.