Cleveland Community Volunteer Fire Dept

Analysis

Cleveland Community Volunteer Fire Dept is a registered charity in United States, based in Cleveland, NC. It received its IRS tax-exemption ruling in September 2017, 9 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 2023, Cleveland Community Volunteer Fire Dept reported income of $633k and spending of $733k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $478k to $633k (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 99% 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, Cleveland Community Volunteer Fire Dept sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Cass Lake Rural Volunteer Fire Association ($633k), Newmarket District Fire Co ($633k) and Franklinton Fire Department Inc ($632k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $112k. At year end it held assets of $5.7m against liabilities of $4.3m, net assets of $1.4m. It reported 21 employees.

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.