Wingate Volunteer Fire Department Inc

Analysis

Wingate Volunteer Fire Department Inc is a registered charity in United States, based in Wingate, NC. It received its IRS tax-exemption ruling in March 1982, 44 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, Wingate Volunteer Fire Department Inc reported income of $1.0m and spending of $930k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $761k to $1.0m (+32%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 96% 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, Wingate Volunteer Fire Department Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Zimmerman Fire Department Relief Association ($1.0m), Birdsboro-Union Fire Department ($1.0m) and Citizens Hose Company No 1 ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $37k (4.0% of expenses). At year end it held assets of $1.1m against liabilities of $323k, net assets of $736k. It reported 45 employees.