Farmington Volunteer Fire Department Inc

Analysis

Farmington Volunteer Fire Department Inc is a registered charity in United States, based in Mocksville, NC. It received its IRS tax-exemption ruling in July 1991, 35 years ago. 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, Farmington Volunteer Fire Department Inc reported income of $333k and spending of $327k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $165k to $333k (+102%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Farmington Volunteer Fire Department Inc sits at the 62nd percentile: it is larger than about 62% 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 Reading Berks Conference of Churches ($333k), Newtown Scholarship Association Incorporated ($333k) and Coalition to Protect Americas National Parks ($333k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $36k (11% of expenses). Other salaries and wages came to $44k. At year end it held assets of $848k against liabilities of $1,858, net assets of $846k. It reported 5 employees.