McQueeney Volunteer Fire Department

Analysis

McQueeney Volunteer Fire Department is a registered charity in United States, based in MC Queeney, TX. It received its IRS tax-exemption ruling in November 2017, 9 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 December 2023, McQueeney Volunteer Fire Department reported income of $270k and spending of $230k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $270k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 74% 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, McQueeney Volunteer Fire Department sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Corriganville Volunteer Fire Dept Inc ($270k), Ligonier Valley Fire Companies ($270k) and Caroga Lake Volunteer Fire C ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $765k against liabilities of $286k, net assets of $480k.