Thruston-Philpoy Volunteer Fire Department Inc

Analysis

Thruston-Philpoy Volunteer Fire Department Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in August 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thruston-Philpoy Volunteer Fire Department Inc reported income of $228k and spending of $172k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $228k (+1.7%), an average of +0.4% a year. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thruston-Philpoy Volunteer Fire Department Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include Tri-County Association for the Blind Inc ($228k), Cornwall Conservation Trust Inc ($228k) and Protestant School Kindergarten of Goldsboro NC Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $175k against liabilities of $688k, net assets of -$513k.