Elgin Volunteer Fire Department

Analysis

Elgin Volunteer Fire Department is a registered charity in United States, based in Elgin, TX. It received its IRS tax-exemption ruling in September 2005, 21 years ago. 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 2022, Elgin Volunteer Fire Department reported income of $278k and spending of $223k, spending 80% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $229k to $278k (+22%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elgin Volunteer Fire Department sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Seminole High Band Parents Association Inc ($278k), Family Crisis Center ($279k) and Emergency Nurses Association ($278k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $12k (5.6% of expenses). Other salaries and wages came to $26k. At year end it held assets of $226k against liabilities of $6,121, net assets of $220k. It reported 5 employees.