Salado Volunteer Fire Dept Bingo Account

Analysis

Salado Volunteer Fire Dept Bingo Account is a registered charity in United States, based in Salado, TX. It received its IRS tax-exemption ruling in November 1990, 36 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, Salado Volunteer Fire Dept Bingo Account reported income of $238k and spending of $163k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $25k to $238k (+852%), an average of +76% a year. The sharpest change came in the year to December 2020, when income rose by 190%. Over the whole period it spent 77% 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, Salado Volunteer Fire Dept Bingo Account sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Verdoy Volunteer Fire Association Inc ($238k), Natalia Volunteer Fire Department Inc ($238k) and The Caldwell Volunteer Fire Company ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Other salaries and wages came to $21k. At year end it held assets of $781k against liabilities of $0, net assets of $781k. It reported 2 employees.