Falkland Volunteer Fire Department

Analysis

Falkland Volunteer Fire Department is a registered charity in United States, based in Falkland, NC. It received its IRS tax-exemption ruling in December 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 June 2023, Falkland Volunteer Fire Department reported income of $307k and spending of $287k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $204k to $307k (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 80% 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, Falkland Volunteer Fire Department sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Fountain Fural Fire Association Inc ($307k), Roulette Chemical Engine Company No 1 ($307k) and West Bradford Fire Co ($307k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. At year end it held assets of $1.1m against liabilities of $670k, net assets of $389k.