Elmwood Volunteer Fire Department Inc

Analysis

Elmwood Volunteer Fire Department Inc is a registered charity in United States, based in Palestine, TX. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elmwood Volunteer Fire Department Inc reported income of $54k and spending of $54k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $261k to $54k (-79%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 88%. Over the whole period it spent 107% 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, Elmwood Volunteer Fire Department Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Turkey Heaven Volunteer Fire Department ($54k), St James Rural Fire Department ($54k) and Nescopeck Township Volunteer Fire Co No 1 Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.