Fairmont Rural Fire Department

Analysis

Fairmont Rural Fire Department is a registered charity in United States, based in Fairmont, NC. It received its IRS tax-exemption ruling in March 2006, 20 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, Fairmont Rural Fire Department reported income of $399k and spending of $330k, spending 83% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $242k to $399k (+65%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 92% 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, Fairmont Rural Fire Department sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Deleon Volunteer Fire Department Inc ($398k), Rebuild Bay County Inc Fka Bay County Long Term Disaster Recov ($399k) and Community Center of St Bernard ($398k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Other salaries and wages came to $4,785. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $264k.