College Mound Volunteer Fire Department

Analysis

College Mound Volunteer Fire Department is a registered charity in United States, based in Terrell, TX. It received its IRS tax-exemption ruling in September 2007, 19 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, College Mound Volunteer Fire Department reported income of $331k and spending of $307k, spending 93% of its income. Across the 4 years on record, from September 2020 to September 2023, income fell from $566k to $331k (-42%), an average of -16% a year. The sharpest change came in the year to September 2021, when income dropped by 52%. Over the whole period it spent 73% 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, College Mound Volunteer Fire Department sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Westmoore Volunteer Fire Protective Association Inc ($331k), Exeter Volunteer Fire Department ($331k) and Capon Springs Volunteers Fire & Rescue ($331k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $564k against liabilities of $215k, net assets of $349k.