Belmont Volunteer Fire Department Inc

Analysis

Belmont Volunteer Fire Department Inc is a registered charity in United States, based in Belmont, TX. It received its IRS tax-exemption ruling in September 1998, 28 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, Belmont Volunteer Fire Department Inc reported income of $257k and spending of $164k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $118k to $257k (+118%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 81% 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, Belmont Volunteer Fire Department Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Stewart County Volunteer Fire Service Inc ($257k), Richlandtown Fire Company ($257k) and Navarino Fire Department Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $458k against liabilities of $139k, net assets of $318k.