Lockney Volunteer Fire Department

Analysis

Lockney Volunteer Fire Department is a registered charity in United States, based in Lockney, TX. It received its IRS tax-exemption ruling in March 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 December 2023, Lockney Volunteer Fire Department reported income of $156k and spending of $66k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $450k to $156k (-65%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. Over the whole period it spent 24% 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, Lockney Volunteer Fire Department sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Schell Vista Volunteer Firemans Assn ($155k), Pioneer Hose Company 1 ($156k) and Silver Creek Fire Department ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.