Greenwood Volunteer Fire Department Inc

Analysis

Greenwood Volunteer Fire Department Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in June 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, Greenwood Volunteer Fire Department Inc reported income of $84k and spending of $191k, spending 228% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $512k to $84k (-84%), an average of -36% a year. The sharpest change came in the year to December 2022, when income rose by 273%. Over the whole period it spent 84% 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, Greenwood Volunteer Fire Department Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include The Anthony Creek Volunteer Fire Department Inc ($84k), Harriman Engine Co No 1 Inc ($84k) and Bikes for Humanity PDX ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.