Bear Pond Rural Fire Department Inc

Analysis

Bear Pond Rural Fire Department Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in July 2022, 4 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, Bear Pond Rural Fire Department Inc reported income of $282k and spending of $342k, spending 121% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $170k to $282k (+66%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 52%. 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, Bear Pond Rural Fire Department Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Yoakum Volunteer Fire Department Inc ($282k), Cooleemee Volunteer Fire Department Inc Marginal Street ($282k) and Ruckersville Volunteer Fire Co Inc ($281k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $19k (5.4% of expenses). Other salaries and wages came to $49k. At year end it held assets of $771k against liabilities of $358k, net assets of $414k. It reported 10 employees.