Watkins Community Volunteer Fire Department Inc

Analysis

Watkins Community Volunteer Fire Department Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in July 2004, 22 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 2022, Watkins Community Volunteer Fire Department Inc reported income of $273k and spending of $215k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $166k to $273k (+65%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 42%. 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, Watkins Community Volunteer Fire Department Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include St Louis Fire Department Lifesaving Foundation ($273k), Strykersville Volunteer Fire Company Inc ($274k) and Forest Volunteer Fire Department ($273k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $1,637 (0.8% of expenses). Other salaries and wages came to $69k. At year end it held assets of $394k against liabilities of $40k, net assets of $353k. It reported 15 employees.