Waring Volunteer Fire Department

Analysis

Waring Volunteer Fire Department is a registered charity in United States, based in Waring, TX. It received its IRS tax-exemption ruling in April 1981, 45 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, Waring Volunteer Fire Department reported income of $68k and spending of $72k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $68k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. 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, Waring Volunteer Fire Department 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 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Corpus Christi Professional Firefighters Relief and Outreach F ($68k), Manasquan Hook & Ladder Co 1 ($68k) and North Carolina Society of Fire Rescue Instructors ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $325k against liabilities of $0, net assets of $325k.