Tool Volunteer Fire Department Inc

Analysis

Tool Volunteer Fire Department Inc is a registered charity in United States, based in Tool, TX. It received its IRS tax-exemption ruling in August 2018, 8 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 September 2023, Tool Volunteer Fire Department Inc reported income of $110k and spending of $125k, spending 113% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $118k to $110k (-6.1%), an average of -3.1% a year. The sharpest change came in the year to September 2023, when income rose by 29%. Over the whole period it spent 101% 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, Tool Volunteer Fire Department Inc 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 42nd percentile within TX. Charities of a similar size with the same main cause include Cats Cradle of Greater Richmond Incorporated ($110k), A Little Hope Inc ($110k) and Star Hose Company No 1 ($110k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.