Tallassee Volunteer Firefighters Association and Fire Company Inc

Analysis

Tallassee Volunteer Firefighters Association and Fire Company Inc is a registered charity in United States, based in Tallassee, AL. It received its IRS tax-exemption ruling in July 1989, 37 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 2022, Tallassee Volunteer Firefighters Association and Fire Company Inc reported income of $211k and spending of $227k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $223k to $211k (-5.6%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tallassee Volunteer Firefighters Association and Fire Company Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AL. Charities of a similar size with the same main cause include Grasslands Housing Inc ($211k), Lafayette Public Library ($211k) and National Road Safety Foundation Inc ($211k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $877k against liabilities of $915k, net assets of -$38k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.