Mineral Springs Volunteer Fire and Rescue Inc

Analysis

Mineral Springs Volunteer Fire and Rescue Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in August 2019, 7 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, Mineral Springs Volunteer Fire and Rescue Inc reported income of $347k and spending of $347k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $253k to $347k (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 93% 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, Mineral Springs Volunteer Fire and Rescue Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include St Florian Fire & Burn Foundation ($347k), Vanceboro Rural Volunteer Fire Dept Inc ($348k) and Albrightsville Volunteer Fire Company Inc ($347k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Other salaries and wages came to $110k. At year end it held assets of $728k against liabilities of $2,294, net assets of $726k. It reported 14 employees.