Rockport Volunteer Fire Dept Inc

Analysis

Rockport Volunteer Fire Dept Inc is a registered charity in United States, based in Rockport, TX. It received its IRS tax-exemption ruling in September 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 (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, Rockport Volunteer Fire Dept Inc reported income of $720k and spending of $752k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $492k to $720k (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 90% 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, Rockport Volunteer Fire Dept Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include West Iredell Volunteer Fire Department Incorporated ($718k), Roanoke Wildwood Volunteer Fire Department Inc ($721k) and Indian Lake Volunteer Ambulance Corp Inc ($717k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $6,000 (0.8% of expenses). At year end it held assets of $2.6m against liabilities of $26k, net assets of $2.6m.