Horneytown Volunteer Fire Department of Forsyth County Inc

Analysis

Horneytown Volunteer Fire Department of Forsyth County Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in April 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 2024, Horneytown Volunteer Fire Department of Forsyth County Inc reported income of $852k and spending of $687k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $570k to $852k (+49%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 82% 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, Horneytown Volunteer Fire Department of Forsyth County Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Romney Fire Company ($852k), United Phoenix Fire Fighters Association ($854k) and Rosman Fire Rescue Inc ($850k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $22k (3.2% of expenses). Other salaries and wages came to $281k. At year end it held assets of $1.3m against liabilities of $74k, net assets of $1.2m. It reported 25 employees.