Hiwassee Dam Volunteer Fire Department Inc

Analysis

Hiwassee Dam Volunteer Fire Department Inc is a registered charity in United States, based in Murphy, NC. It received its IRS tax-exemption ruling in September 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 December 2022, Hiwassee Dam Volunteer Fire Department Inc reported income of $498k and spending of $449k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $229k to $498k (+117%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 100% 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, Hiwassee Dam Volunteer Fire Department Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Tzevet Hatzolah Emergency Response Inc ($498k), Alburg Volunteer Fire Department Inc ($498k) and Greensboro Volunteer Fire Company Incorporated ($497k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% of the total. At year end it held assets of $2.2m against liabilities of $1.2m, net assets of $979k.