Karns Volunteer Fire Department

Analysis

Karns Volunteer Fire Department is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 1979, 47 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 December 2023, Karns Volunteer Fire Department reported income of $3.3m and spending of $3.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.3m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 90% 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, Karns Volunteer Fire Department sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Rhode Island Disaster Medical Assistance Team ($3.3m), International Association of Emergency Managers - United States ($3.3m) and Ocean Pines Volunteer Fire Department Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $31k (1.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.3m against liabilities of $1.1m, net assets of $5.2m. It reported 47 employees.