Pine Terrace Fire Department

Analysis

Pine Terrace Fire Department is a registered charity in United States, based in Lumberton, NC. It received its IRS tax-exemption ruling in July 2011, 15 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 2023, Pine Terrace Fire Department reported income of $91k and spending of $118k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $37k to $91k (+143%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 169% 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, Pine Terrace Fire Department sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Liberty Volunteer Fire Department ($91k), Somerville Volunteer Fire ($91k) and Virginia Association of Hazardous Materials Response Specialist ($91k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $985k against liabilities of $139, net assets of $985k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.