Riceville Volunteer Fire Department Inc

Analysis

Riceville Volunteer Fire Department Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 2010, 16 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, Riceville Volunteer Fire Department Inc reported income of $2.3m and spending of $1.7m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 77% 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, Riceville Volunteer Fire Department Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Iowa Statewide Poison Control Center ($2.3m), Minquas Fire Co 1 ($2.3m) and Town of Wallkill Volunteer Ambulance Corps Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $93k (5.6% of expenses). Other salaries and wages came to $847k. At year end it held assets of $4.0m against liabilities of $58k, net assets of $3.9m. It reported 39 employees.