Creedmoor Volunteer Fire Dept

Analysis

Creedmoor Volunteer Fire Dept is a registered charity in United States, based in Creedmoor, NC. It received its IRS tax-exemption ruling in December 1997, 29 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, Creedmoor Volunteer Fire Dept reported income of $809k and spending of $1.5m, spending 180% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $305k to $809k (+165%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 120% 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, Creedmoor Volunteer Fire Dept sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Paraquad 5240 Inc ($809k), Flint Hills Regional Council Inc ($810k) and Rescue Hose Co No 4 of Lebanon ($808k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $70k. At year end it held assets of $1.3m against liabilities of $760k, net assets of $582k. It reported 11 employees.