Thibodaux Volunteer Fire Department Inc

Analysis

Thibodaux Volunteer Fire Department Inc is a registered charity in United States, based in Thibodaux, LA. It received its IRS tax-exemption ruling in November 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2022, Thibodaux Volunteer Fire Department Inc reported income of $2.9m and spending of $1.7m, leaving 42% of income unspent that year. Across the 4 years on record, from November 2019 to November 2022, income grew from $2.1m to $2.9m (+38%), an average of +11% a year. The sharpest change came in the year to November 2021, when income rose by 62%. Over the whole period it spent 69% 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, Thibodaux Volunteer Fire Department Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Monroeville Volunteer Fire Company 4 ($2.9m), Alert Engine Hook and Ladder and Hose Company No One Inc ($3.0m) and Goserv Global Inc ($2.9m).

On its Form 990 for the period ending November 2022, revenue came from contributions and grants 54% of the total. At year end it held assets of $15.5m against liabilities of $41k, net assets of $15.5m.