Flowes Store Volunteer Fire Department

Analysis

Flowes Store Volunteer Fire Department is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in November 1981, 45 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, Flowes Store Volunteer Fire Department reported income of $484k and spending of $605k, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $555k to $484k (-13%), an average of -4.5% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 89% 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, Flowes Store Volunteer Fire Department sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Brock-Dennis Volunteer Fire Department Inc ($483k), East Nash Volunteer Fire Department Inc ($484k) and Belmont Hills Fire Co ($483k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% and program service revenue 89% of the total. Other salaries and wages came to $243k. At year end it held assets of $1.4m against liabilities of $679k, net assets of $684k. It reported 28 employees.