Friberg-Cooper Volunteer Fire Department

Analysis

Friberg-Cooper Volunteer Fire Department is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in July 2006, 20 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 December 2023, Friberg-Cooper Volunteer Fire Department reported income of $84k and spending of $77k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $202k to $84k (-58%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 108% 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, Friberg-Cooper Volunteer Fire Department sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Bryant Volunteer Fire Dept Inc ($84k), Hollansburg Community Fire Dept Inc ($84k) and Aurora Volunteer Fire Department Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $200k against liabilities of $0, net assets of $200k.