Steele Creek Volunteer Fire Department and Rescue Services Inc

Analysis

Steele Creek Volunteer Fire Department and Rescue Services Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1996, 30 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, Steele Creek Volunteer Fire Department and Rescue Services Inc reported income of $4.4m and spending of $4.4m, spending 100% of its income. Across the 6 years on record, from July 2019 to June 2024, income grew from $1.1m to $4.4m (+302%), an average of +32% a year. The sharpest change came in the year to July 2022, when income rose by 153%. Over the whole period it spent 95% 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, Steele Creek Volunteer Fire Department and Rescue Services Inc sits at the 98th percentile: it is larger than about 98% 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 Information Technology Disaster Resource Center Inc ($4.4m), Spring Lake Park Fire Dept Inc ($4.4m) and Alexis Volunteer Fire Department Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $4.0m against liabilities of $1.6m, net assets of $2.4m. It reported 73 employees.