Holiday Lake Estates Volunteer Fire Department

Analysis

Holiday Lake Estates Volunteer Fire Department is a registered charity in United States, based in Goodrich, TX. It received its IRS tax-exemption ruling in June 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 January 2024, Holiday Lake Estates Volunteer Fire Department reported income of $132k and spending of $86k, leaving 35% of income unspent that year. Across the 2 years on record, from January 2023 to January 2024, income grew from $110k to $132k (+20%), an average of +20% a year. The sharpest change came in the year to January 2024, when income rose by 20%. Over the whole period it spent 58% 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, Holiday Lake Estates Volunteer Fire Department sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Chestnut Hill Volunteer Fire Department ($132k), Springettsbury Township Volunteer Fire Company ($133k) and Morganville Fire Department Inc ($132k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.