Yoakum Volunteer Fire Department Inc

Analysis

Yoakum Volunteer Fire Department Inc is a registered charity in United States, based in Yoakum, TX. It received its IRS tax-exemption ruling in May 2003, 23 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, Yoakum Volunteer Fire Department Inc reported income of $282k and spending of $115k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $282k (+116%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 65% 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, Yoakum Volunteer Fire Department Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Ruckersville Volunteer Fire Co Inc ($281k), Bear Pond Rural Fire Department Inc ($282k) and Amelia County Volunteer Fire Department Inc ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.