Tolar Volunteer Fire Department

Analysis

Tolar Volunteer Fire Department is a registered charity in United States, based in Tolar, TX. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Tolar Volunteer Fire Department reported income of $586k and spending of $152k, leaving 74% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $194k to $586k (+203%), an average of +203% a year. The sharpest change came in the year to September 2023, when income rose by 203%. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tolar Volunteer Fire Department sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Preston County Caring Council Inc ($586k), Cherish Center ($586k) and Mission of Hope Cancer Fund ($586k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $806k against liabilities of $120k, net assets of $686k.