West Mount Volunteer Fire Department Inc

Analysis

West Mount Volunteer Fire Department Inc is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in March 1987, 39 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 2023, West Mount Volunteer Fire Department Inc reported income of $544k and spending of $578k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $456k to $544k (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Mount Volunteer Fire Department Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Encounters Network a Ministry to the Nations ($544k), Cornwall Library Association ($544k) and Chagrin Falls Historical Society ($544k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $3,875 (0.7% of expenses). Other salaries and wages came to $197k. At year end it held assets of $1.8m against liabilities of $482k, net assets of $1.3m. It reported 13 employees.