McGregor Volunteer Fire Department Inc

Analysis

McGregor Volunteer Fire Department Inc is a registered charity in United States, based in McGregor, TX. It received its IRS tax-exemption ruling in February 2014, 12 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, McGregor Volunteer Fire Department Inc reported income of $66k and spending of $88k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $66k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 103% 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, McGregor Volunteer Fire Department Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Woodbridge Fire Company No 1 ($66k), Farmingdale Hook & Ladder Co 1 ($66k) and River Edge Volunteer Fire Departmen T Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 44% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.