Community Volunteer Fire Department

Analysis

Community Volunteer Fire Department is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in September 2021, 5 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, Community Volunteer Fire Department reported income of $840k and spending of $1.4m, spending 170% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $512k to $840k (+64%), an average of +64% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 159% 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, Community Volunteer Fire Department sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Texas Equusearch ($838k), Hundred Club of Connecticut Inc ($840k) and Middleway Volunteer Fire Company Inc ($835k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $17k (1.2% of expenses). Other salaries and wages came to $73k. At year end it held assets of $2.5m against liabilities of $1.2m, net assets of $1.3m. It reported 18 employees.