Bay Leaf Volunteer Fire Dept Incorporated

Analysis

Bay Leaf Volunteer Fire Dept Incorporated is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1985, 41 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 2024, Bay Leaf Volunteer Fire Dept Incorporated reported income of $5.4m and spending of $5.4m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.6m to $5.4m (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 101% 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, Bay Leaf Volunteer Fire Dept Incorporated sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Hatzolah Emergency Medical Services Inc ($5.3m), Renaissance Community Loan Fund Inc ($5.4m) and Whitesville Rural Volunteer Fire Department ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $60k (1.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $1.7m against liabilities of $386k, net assets of $1.3m. It reported 121 employees.