Reeds Fire Department Inc

Analysis

Reeds Fire Department Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in February 1980, 46 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, Reeds Fire Department Inc reported income of $429k and spending of $414k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $340k to $429k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 84% 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, Reeds Fire Department Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Buena Vista Firefighters Inc ($428k), Somerton Volunteer Fire Department ($429k) and Cullasaja Gorge Fire and Rescue Inc ($428k).

On its Form 990 for the period ending June 2024, 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 $145k (35% of expenses). At year end it held assets of $2.4m against liabilities of $169k, net assets of $2.2m. It reported 16 employees.