Woodland Volunteer Fire Department Benevolent Fund

Analysis

Woodland Volunteer Fire Department Benevolent Fund is a registered charity in United States, based in Woodland, NC. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Woodland Volunteer Fire Department Benevolent Fund reported income of $75k and spending of $41k, leaving 45% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $99k to $75k (-25%), an average of -25% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Woodland Volunteer Fire Department Benevolent Fund sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include United We Stand ($75k), Millburn Short Hills Chinese Association ($75k) and Iowa Capital Investment Corporation ($75k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 64% of the total. At year end it held assets of $269k against liabilities of $0, net assets of $269k.