Inman Community Volunteer Fire Department Corporation

Analysis

Inman Community Volunteer Fire Department Corporation is a registered charity in United States, based in Inman, SC. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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 2023, Inman Community Volunteer Fire Department Corporation reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to December 2023, income grew from $884k to $1.0m (+17%), an average of +5.3% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inman Community Volunteer Fire Department Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Survival Adults Abuse Center Inc ($1.0m), Orlando Youth Hockey Association Incorporated ($1.0m) and Leadership Maryland Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $76k (6.9% of expenses). Other salaries and wages came to $434k. At year end it held assets of $1.9m against liabilities of $1.1m, net assets of $815k. It reported 31 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.