Waco Volunteer Fire Department Inc

Analysis

Waco Volunteer Fire Department Inc is a registered charity in United States, based in Waco, KY. It received its IRS tax-exemption ruling in July 1994, 32 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, Waco Volunteer Fire Department Inc reported income of $67k and spending of $77k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $67k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waco Volunteer Fire Department Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within KY. Charities of a similar size with the same main cause include Carolina Loggers Foundation ($67k), Alabama Visual Arts Network ($67k) and Alpha Montessori School Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.