Palo Pinto Volunteer Fire Department

Analysis

Palo Pinto Volunteer Fire Department is a registered charity in United States, based in Palo Pinto, TX. It received its IRS tax-exemption ruling in February 2020, 6 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, Palo Pinto Volunteer Fire Department reported income of $172k and spending of $78k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $172k (+63%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 48% 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, Palo Pinto Volunteer Fire Department sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Alburtis Fire Co No 1 ($172k), Brushton Volunteer Fire Department Inc ($172k) and Preble Volunteer Fire Fighting Association Inc ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $232k against liabilities of $1,157, net assets of $231k.