Bowman Community Volunteer Fire Department Inc

Analysis

Bowman Community Volunteer Fire Department Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in March 2003, 23 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, Bowman Community Volunteer Fire Department Inc reported income of $177k and spending of $146k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $271k to $177k (-35%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 69% 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, Bowman Community Volunteer Fire Department Inc 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 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Broad Channel Volunteers Inc ($177k), Varick Volunteer Fire Company Incorporated ($177k) and Davis Corner Volunteer Fire Department & Rescue Squad Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $257k against liabilities of $0, net assets of $257k.