Latexo Volunteer Fire Department

Analysis

Latexo Volunteer Fire Department is a registered charity in United States, based in Latexo, TX. It received its IRS tax-exemption ruling in March 2008, 18 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 May 2023, Latexo Volunteer Fire Department reported income of $129k and spending of $136k, spending 106% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income grew from $93k to $129k (+39%), an average of +39% a year. The sharpest change came in the year to May 2023, when income rose by 39%. Over the whole period it spent 94% 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, Latexo Volunteer Fire Department sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Friendship Hose Company No 1 ($129k), Renovo Fire Department Inc ($129k) and Heartland Embrace Inc ($129k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 1.1% and program service revenue 65% of the total. At year end it held assets of $201k against liabilities of $7,042, net assets of $194k.