Sharps Chapel Volunteer Fire Department

Analysis

Sharps Chapel Volunteer Fire Department is a registered charity in United States, based in Sharps Chapel, TN. It received its IRS tax-exemption ruling in October 2006, 20 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, Sharps Chapel Volunteer Fire Department reported income of $111k and spending of $86k, leaving 22% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $98k to $111k (+13%), an average of +13% a year. Over the whole period it spent 64% 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, Sharps Chapel Volunteer Fire Department sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Conquest Fire Company Inc ($111k), Cherry Grove Volunteer Fire Department ($111k) and Somers Point Volunteer Fire Company N0 2 ($111k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $195k against liabilities of $30k, net assets of $165k.