Waskom Volunteer Fire Department and E M S Services Inc

Analysis

Waskom Volunteer Fire Department and E M S Services Inc is a registered charity in United States, based in Waskom, TX. It received its IRS tax-exemption ruling in May 1996, 30 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 September 2023, Waskom Volunteer Fire Department and E M S Services Inc reported income of $566k and spending of $672k, spending 119% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $509k to $566k (+11%), an average of +3.6% a year. The sharpest change came in the year to September 2022, when income rose by 16%. Over the whole period it spent 117% 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, Waskom Volunteer Fire Department and E M S Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Stewart Simmons Volunteer Fire Department of Watauga County Inc ($566k), National Ski Patrol System ($567k) and Fredericksburg Fire Company No 1 ($565k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.4% and program service revenue 90% of the total. Other salaries and wages came to $254k. At year end it held assets of $736k against liabilities of $31k, net assets of $705k. It reported 25 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.