Reelsboro Fire Deptartment Inc

Analysis

Reelsboro Fire Deptartment Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in February 2019, 7 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, Reelsboro Fire Deptartment Inc reported income of $172k and spending of $249k, spending 145% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $148k to $172k (+16%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 126% 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, Reelsboro Fire Deptartment Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Kouts Volunteer Fire Dept ($172k), Greenevers Volunteer Fire Dept ($172k) and Jefferson Volunteer Fire Co ($172k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 79% of the total. At year end it held assets of $583k against liabilities of $927k, net assets of -$343k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.