Payne Springs Volunteer Fire Department Inc

Analysis

Payne Springs Volunteer Fire Department Inc is a registered charity in United States, based in Mabank, TX. It received its IRS tax-exemption ruling in December 1991, 35 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, Payne Springs Volunteer Fire Department Inc reported income of $315k and spending of $298k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $320k to $315k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 74% 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, Payne Springs Volunteer Fire Department Inc 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 Edward Jones Disaster Relief Fund ($315k), Windsor Volunteer Fire Department Inc ($315k) and Thomas Jefferson Emergency Medical Services Council Inc ($315k).

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 $961k against liabilities of $603k, net assets of $358k.