Holland Volunteer Fire Dept Bingo Acct

Analysis

Holland Volunteer Fire Dept Bingo Acct is a registered charity in United States, based in Holland, TX. It received its IRS tax-exemption ruling in February 2012, 14 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, Holland Volunteer Fire Dept Bingo Acct reported income of $61k and spending of $119k, spending 195% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $61k (-79%), an average of -32% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 109% 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, Holland Volunteer Fire Dept Bingo Acct sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Big Sandy Volunteer Fire Department Inc ($61k), Newport Firefighters Fund ($61k) and Lagrange Firefighters Inc ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $557k against liabilities of $0, net assets of $557k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.