Broadway Volunteer Fire Department

Analysis

Broadway Volunteer Fire Department is a registered charity in United States, based in Wilkesboro, NC. It received its IRS tax-exemption ruling in March 1998, 28 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 December 2021, Broadway Volunteer Fire Department reported income of $523k and spending of $265k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $297k to $523k (+76%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 62% 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, Broadway Volunteer Fire Department sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Lebanon Volunteer Fire Department ($522k), Rocky Run Fire Company ($524k) and Cold Water Volunteer Fire Department Inc ($522k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.0m against liabilities of $116k, net assets of $933k.