Kermit Volunteer Fire Department Inc

Analysis

Kermit Volunteer Fire Department Inc is a registered charity in United States, based in Kermit, TX. It received its IRS tax-exemption ruling in February 2007, 19 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, Kermit Volunteer Fire Department Inc reported income of $100k and spending of $121k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $121k to $100k (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 84% 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, Kermit Volunteer Fire Department Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include The Hampton Fire Co Incorporated ($100k), Linesville Volunteer Fire Dept Inc ($100k) and Charity in Action ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.