Cold Water Volunteer Fire Department Inc

Analysis

Cold Water Volunteer Fire Department Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in February 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, Cold Water Volunteer Fire Department Inc reported income of $522k and spending of $333k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $292k to $522k (+79%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 108%. Over the whole period it spent 68% 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, Cold Water Volunteer Fire Department Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Badin Lake Volunteer Fire Departme ($521k), Lebanon Volunteer Fire Department ($522k) and Cumberland Disaster Recovery Coalition Inc ($521k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $147k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 31 employees.