Lewisville Fire Department Inc

Analysis

Lewisville Fire Department Inc is a registered charity in United States, based in Lewisville, NC. It received its IRS tax-exemption ruling in October 1986, 40 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, Lewisville Fire Department Inc reported income of $2.1m and spending of $1.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.1m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 86% 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, Lewisville Fire Department Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Volunteer Fire Company of Halfway Maryland Incorporated ($2.1m), Delmar Volunteer Ambulance Service Inc ($2.1m) and San Luis Obispo Community Fire Safe Council Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $105k (5.7% of expenses). Other salaries and wages came to $750k. At year end it held assets of $4.8m against liabilities of $958k, net assets of $3.8m. It reported 27 employees.