Valmead Volunteer Fire Department Inc

Analysis

Valmead Volunteer Fire Department Inc is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in September 1999, 27 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, Valmead Volunteer Fire Department Inc reported income of $335k and spending of $331k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $254k to $335k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 67% 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, Valmead Volunteer Fire Department Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Ivor Volunteer Rescue Inc ($335k), Celoron Hose Company Noi Inc ($335k) and Saxis Volunteer Fire Company ($335k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 60% of the total. Other salaries and wages came to $61k. At year end it held assets of $611k against liabilities of $3,833, net assets of $607k. It reported 8 employees.