Hoover Volunteer Fire Department Inc

Analysis

Hoover Volunteer Fire Department Inc is a registered charity in United States, based in Pampa, TX. It received its IRS tax-exemption ruling in June 2017, 9 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, Hoover Volunteer Fire Department Inc reported income of $107k and spending of $181k, spending 169% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $269k to $107k (-60%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 107% 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, Hoover Volunteer Fire Department Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Shenango Area Fire District ($107k), McKinley Volunteer Firefighters Relief Association ($107k) and Rowan-Iredell Voluntary Fire Department Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $146k against liabilities of $82k, net assets of $64k.