Garwood Volunteer Fire Department

Analysis

Garwood Volunteer Fire Department is a registered charity in United States, based in Garwood, TX. It received its IRS tax-exemption ruling in January 1997, 29 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, Garwood Volunteer Fire Department reported income of $366k and spending of $201k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $466k to $366k (-22%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income rose by 254%. Over the whole period it spent 60% 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, Garwood Volunteer Fire Department sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Turkeytown South Huntingdon TWP Fire Dept ($366k), Bloxom Volunteer Fire Company Inc ($367k) and District 2 Hospital Preparedness Planning Committee Inc ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 26% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.