Locust Volunteer Fire Department

Analysis

Locust Volunteer Fire Department is a registered charity in United States, based in Pottsboro, TX. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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, Locust Volunteer Fire Department reported income of $104k and spending of $112k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $321k to $104k (-68%), an average of -31% a year. The sharpest change came in the year to December 2021, when income dropped by 71%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Locust Volunteer Fire Department sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Total Health Foundation Southeast ($104k), PTA Texas Congress ($104k) and Hartington Senior Citizens Inc ($104k).

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 $318k against liabilities of $0, net assets of $318k.