Cherokee Creek Volunteer Fire Department Inc

Analysis

Cherokee Creek Volunteer Fire Department Inc is a registered charity in United States, based in Gaffney, SC. It received its IRS tax-exemption ruling in September 1978, 48 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, Cherokee Creek Volunteer Fire Department Inc reported income of $432k and spending of $432k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $264k to $432k (+64%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 121% 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, Cherokee Creek Volunteer Fire Department Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Union Hook and Ladder Co No 1 of Bedminster-Far Hills New Jersey ($432k), Northeast First Aid Corps ($432k) and Back Swamp VFD ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Other salaries and wages came to $40k. It paid $50 in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $1.2m, net assets of $1.1m. It reported 8 employees.