Hico Volunteer Fire Department

Analysis

Hico Volunteer Fire Department is a registered charity in United States, based in Hico, TX. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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, Hico Volunteer Fire Department reported income of $110k and spending of $85k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $159k to $110k (-31%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hico Volunteer Fire Department sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Operation Patriot Support Inc ($110k), American Marketing Association Inc ($110k) and Somerset Sober Living Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $433k against liabilities of $0, net assets of $433k.