Gatesville Fire Department Inc

Analysis

Gatesville Fire Department Inc is a registered charity in United States, based in Gatesville, TX. It received its IRS tax-exemption ruling in December 2018, 8 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, Gatesville Fire Department Inc reported income of $276k and spending of $282k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $349k to $276k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 90% 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, Gatesville Fire Department Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Muenster Volunteer Fire Department ($276k), Town of Glen Volunteer Fire Department Inc ($276k) and Pleasant Hill Volunteer Fire Department Incorporated ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $49k (17% of expenses). At year end it held assets of $397k against liabilities of $0, net assets of $397k.