North 321 Volunteer Fire Dept Inc

Analysis

North 321 Volunteer Fire Dept Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in October 2022, 4 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 2024, North 321 Volunteer Fire Dept Inc reported income of $1.2m and spending of $959k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $672k to $1.2m (+79%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 80% 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, North 321 Volunteer Fire Dept Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Tomahawk Charitable Solutions Foundation Inc ($1.2m), Disaster Relief Food Ministry Inc ($1.2m) and J H Ketchum Hose Company Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $21k (2.2% of expenses). Other salaries and wages came to $344k. At year end it held assets of $3.8m against liabilities of $1.8m, net assets of $2.0m. It reported 32 employees.