Needham Fire Rescue Company

Analysis

Needham Fire Rescue Company is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Needham Fire Rescue Company reported income of $865k and spending of $796k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $864k to $865k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to September 2022, when income dropped by 35%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Needham Fire Rescue Company sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Refraction Inc ($865k), Cup Inc ($865k) and Circuit Trail Conservancy ($864k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (16% of expenses). Other salaries and wages came to $543k. At year end it held assets of $285k against liabilities of $0, net assets of $285k. It reported 46 employees.