Tow Volunteer Fire Department Inc

Analysis

Tow Volunteer Fire Department Inc is a registered charity in United States, based in Tow, TX. It received its IRS tax-exemption ruling in May 2014, 12 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, Tow Volunteer Fire Department Inc reported income of $71k and spending of $79k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $130k to $71k (-45%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 75% 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, Tow Volunteer Fire Department Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Throop Hose Company Number 1 ($71k), Grand Valley Area Volunteer Fire Department Inc ($71k) and Southern Pines Volunteer Fire and Rescue Foundation ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $222k against liabilities of $0, net assets of $222k.