Liberty Chapel Volunteer Fire Fighters Inc Liberty Chapel

Analysis

Liberty Chapel Volunteer Fire Fighters Inc Liberty Chapel is a registered charity in United States, based in Cleburne, TX. It received its IRS tax-exemption ruling in August 1993, 33 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 October 2023, Liberty Chapel Volunteer Fire Fighters Inc Liberty Chapel reported income of $314k and spending of $343k, spending 109% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $144k to $314k (+117%), an average of +21% a year. The sharpest change came in the year to October 2021, when income rose by 83%. Over the whole period it spent 113% 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, Liberty Chapel Volunteer Fire Fighters Inc Liberty Chapel sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Central Cascades Fire & Ems ($314k), The Daretown Fire Company ($314k) and Gilmer County Volunteer Fire Department Inc ($314k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (6.9% of expenses). At year end it held assets of $763k against liabilities of $132k, net assets of $631k.