Goldthwaite Volunteer Fire Department

Analysis

Goldthwaite Volunteer Fire Department is a registered charity in United States, based in Goldthwaite, TX. It received its IRS tax-exemption ruling in February 2009, 17 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, Goldthwaite Volunteer Fire Department reported income of $94k and spending of $45k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $94k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. 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, Goldthwaite Volunteer Fire Department sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Lower Milford Township Fire Co No 1 ($93k), Georgia Association of Realtors Disaster Relief Fund Inc ($94k) and Farmers Home Foundation ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $396k against liabilities of $0, net assets of $396k.