Woodsboro Fire Department

Analysis

Woodsboro Fire Department is a registered charity in United States, based in Woodsboro, TX. It received its IRS tax-exemption ruling in December 1988, 38 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, Woodsboro Fire Department reported income of $80k and spending of $66k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $219k to $80k (-63%), an average of -63% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Woodsboro Fire Department sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include LA Cueva Baseball Booster Club ($80k), Snow Lion School ($80k) and Friends of the Barrington Public Library Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $371k against liabilities of $12k, net assets of $359k.