Lincoln Volunteer Fire Department

Analysis

Lincoln Volunteer Fire Department is a registered charity in United States, based in Lincoln, TX. It received its IRS tax-exemption ruling in June 2004, 22 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 August 2023, Lincoln Volunteer Fire Department reported income of $176k and spending of $155k, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $44k to $176k (+305%), an average of +42% a year. The sharpest change came in the year to August 2022, when income rose by 251%. Over the whole period it spent 76% 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, Lincoln Volunteer Fire Department 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 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Falls Church Volunteer Fire Department Inc ($176k), Georgia Emc Foundation Inc ($176k) and Firefighter Family & Training Initiative ($176k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $1.1m against liabilities of $89k, net assets of $1.0m.