Lamar Volunteer Fire Department Inc

Analysis

Lamar Volunteer Fire Department Inc is a registered charity in United States, based in Rockport, TX. It received its IRS tax-exemption ruling in August 1991, 35 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, Lamar Volunteer Fire Department Inc reported income of $277k and spending of $260k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $282k to $277k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 72% 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, Lamar Volunteer Fire Department Inc sits at the 69th percentile: it is larger than about 69% 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 Newton Fire Fighters Inc of Newton Manitowoc County Wisconsin ($277k), Alabama Chapter of National Emergency Number Association Inc ($277k) and Ausable Forks Fire Department Inc ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $1.6m against liabilities of $15k, net assets of $1.5m.