Utopia Volunteer Fire Department Inc

Analysis

Utopia Volunteer Fire Department Inc is a registered charity in United States, based in Utopia, TX. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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, Utopia Volunteer Fire Department Inc reported income of $248k and spending of $192k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $235k to $248k (+5.8%), an average of +5.8% a year. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Utopia Volunteer Fire Department Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Oregon Values and Beliefs Center ($248k), Aitkin County Friends of the Arts ($248k) and Alabama A&m University Alumni Association Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 42% of the total. At year end it held assets of $579k against liabilities of $0, net assets of $579k.