Hainesville Volunteer Fire Department Inc

Analysis

Hainesville Volunteer Fire Department Inc is a registered charity in United States, based in Quitman, TX. It received its IRS tax-exemption ruling in May 2024, 2 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, Hainesville Volunteer Fire Department Inc reported income of $63k and spending of $96k, spending 153% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $81k to $63k (-23%), an average of -5.0% a year. The sharpest change came in the year to December 2020, when income rose by 376%. Over the whole period it spent 95% 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, Hainesville Volunteer Fire Department Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Dawn ($63k), Belmont Fire Company Inc ($63k) and Wayne Township Firemens Relief Association ($63k).

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 $366k against liabilities of $174k, net assets of $192k.