Franklin Volunteer Fire Department Inc

Analysis

Franklin Volunteer Fire Department Inc is a registered charity in United States, based in Franklin, TX. It received its IRS tax-exemption ruling in September 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 September 2023, Franklin Volunteer Fire Department Inc reported income of $152k and spending of $114k, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $187k to $152k (-19%), an average of -5.1% a year. The sharpest change came in the year to September 2021, when income rose by 154%. Over the whole period it spent 88% 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, Franklin Volunteer Fire Department Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include West Webster Volunteer Firemens Association ($152k), Granbury Volunteer Fire Department ($152k) and Arizona Trucking Association Foundation ($152k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. At year end it held assets of $439k against liabilities of $201k, net assets of $238k.