Lake Palo Pinto Volunteer Fire Department

Analysis

Lake Palo Pinto Volunteer Fire Department is a registered charity in United States, based in Gordon, TX. It received its IRS tax-exemption ruling in February 2021, 5 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, Lake Palo Pinto Volunteer Fire Department reported income of $82k and spending of $115k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $98k to $82k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 121% 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, Lake Palo Pinto Volunteer Fire Department sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Randolph Chemical Engine Co No 3 ($82k), Dansville Fire Department Inc ($82k) and Hondo Fire & Rescue ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $430k against liabilities of $4,793, net assets of $425k.