Holly Lake Volunteer Fire Department Incorporated Wood Count

Analysis

Holly Lake Volunteer Fire Department Incorporated Wood Count is a registered charity in United States, based in Holly LK RNCH, TX. It received its IRS tax-exemption ruling in March 2005, 21 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, Holly Lake Volunteer Fire Department Incorporated Wood Count reported income of $377k and spending of $356k, spending 94% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $248k to $377k (+52%), an average of +15% a year. The sharpest change came in the year to September 2022, when income rose by 30%. Over the whole period it spent 94% 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, Holly Lake Volunteer Fire Department Incorporated Wood Count sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Minisink Hose Company No 1 Inc ($377k), Lillian Volunteer Fire Department Inc ($378k) and Orlean Volunteer Fire Dept Inc ($377k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.2m against liabilities of $241k, net assets of $986k.