Bills Creek Volunteer Fire Department

Analysis

Bills Creek Volunteer Fire Department is a registered charity in United States, based in Lake Lure, NC. It received its IRS tax-exemption ruling in March 2002, 24 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, Bills Creek Volunteer Fire Department reported income of $483k and spending of $374k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $453k to $483k (+6.5%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 90% 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, Bills Creek Volunteer Fire Department sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Boyce Volunteer Fire Company Inc ($482k), LA Grange Fire Department of LA Grange Fayette County TX ($483k) and No 9 Township Fire and Rescue ($482k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.