Hoagland Volunteer Fire Company Inc

Analysis

Hoagland Volunteer Fire Company Inc is a registered charity in United States, based in Hoagland, IN. It received its IRS tax-exemption ruling in April 2019, 7 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, Hoagland Volunteer Fire Company Inc reported income of $74k and spending of $82k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $74k (+4.0%), an average of +4.0% a year. Over the whole period it spent 104% 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, Hoagland Volunteer Fire Company Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within IN. Charities of a similar size with the same main cause include Isle de Jean Charles Band of Biloxi-Chitimacha-Choctaw Inc ($74k), Montrose Search and Rescue Team ($74k) and Revolve ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.