Lipan Volunteer Fire Department

Analysis

Lipan Volunteer Fire Department is a registered charity in United States, based in Lipan, TX. It received its IRS tax-exemption ruling in April 2013, 13 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, Lipan Volunteer Fire Department reported income of $57k and spending of $121k, spending 211% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $57k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 105% 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, Lipan Volunteer Fire Department sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Heart of Pines Volunteer Fire Department ($57k), Lafayette Reserves ($57k) and Catlettsburg Volunteer Fire Department ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $595k against liabilities of $0, net assets of $595k.