Tar Heel Rural Volunteer Fire Dept Inc

Analysis

Tar Heel Rural Volunteer Fire Dept Inc is a registered charity in United States, based in Tar Heel, NC. It received its IRS tax-exemption ruling in December 1999, 27 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, Tar Heel Rural Volunteer Fire Dept Inc reported income of $968k and spending of $417k, leaving 57% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $246k to $968k (+293%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 52% 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, Tar Heel Rural Volunteer Fire Dept Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include International Society of Fire Service Instructors ($967k), Middlefield Volunteer Fire Dept Inc ($969k) and Bolivar Volunteer Fire Department Inc ($967k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 44% of the total. Other salaries and wages came to $104k. At year end it held assets of $1.4m against liabilities of $3,390, net assets of $1.4m. It reported 8 employees.