Howards Creek Volunteer Fire Dept Inc

Analysis

Howards Creek Volunteer Fire Dept Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in August 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, Howards Creek Volunteer Fire Dept Inc reported income of $1.7m and spending of $859k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $448k to $1.7m (+285%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 256%. Over the whole period it spent 60% 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, Howards Creek Volunteer Fire Dept Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Catawba Volunteer Fire Department Inc ($1.7m), Lawrence Cedarhurst Fire Dept Inc ($1.7m) and Emergency Squad No 1 of Sidney Fire Dept of the Village of Sidney Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $253k. At year end it held assets of $3.8m against liabilities of $1.4m, net assets of $2.4m. It reported 29 employees.