Denver Volunteer Fire Department

Analysis

Denver Volunteer Fire Department is a registered charity in United States, based in Denver, NC. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 2023, Denver Volunteer Fire Department reported income of $4.1m and spending of $4.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Denver Volunteer Fire Department sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Sunrise Community of Northeast Florida Inc ($4.1m), Marshalltown Young Mens Christian Association-Ywca ($4.1m) and Community Options & Resources ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $109k (2.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.9m against liabilities of $3.5m, net assets of $1.4m. It reported 53 employees.