Gaston Volunteer Fire Department Inc

Analysis

Gaston Volunteer Fire Department Inc is a registered charity in United States, based in Gaston, NC. It received its IRS tax-exemption ruling in April 2013, 13 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 December 2023, Gaston Volunteer Fire Department Inc reported income of $524k and spending of $598k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $524k (-49%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. 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, Gaston Volunteer Fire Department Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Rocky Run Fire Company ($524k), Denton Volunteer Fire Company Inc ($524k) and Broadway Volunteer Fire Department ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 54% of the total. At year end it held assets of $3.2m against liabilities of $3.2m, net assets of -$12k.