Houston Volunteer Fire Company

Analysis

Houston Volunteer Fire Company is a registered charity in United States, based in Houston, DE. It received its IRS tax-exemption ruling in December 1976, 50 years ago. 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, Houston Volunteer Fire Company reported income of $1.2m and spending of $908k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $862k to $1.2m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Houston Volunteer Fire Company sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within DE. Charities of a similar size with the same main cause include Southwest Wisconsin Technical College Foundation Inc ($1.2m), East Brandywine Fire Co ($1.2m) and Fort Mill Rescue Squad ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 23% of the total. Other salaries and wages came to $307k. At year end it held assets of $4.8m against liabilities of $11k, net assets of $4.8m. It reported 23 employees.