Able Springs Volunteer Fire Department

Analysis

Able Springs Volunteer Fire Department is a registered charity in United States, based in Terrell, TX. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Able Springs Volunteer Fire Department reported income of $385k and spending of $297k, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $345k to $385k (+12%), an average of +2.8% a year. The sharpest change came in the year to September 2022, when income rose by 34%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Able Springs Volunteer Fire Department sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include DJ Foundation Inc ($385k), Rochester Christian University Foundation ($386k) and Ramble on Productions ($385k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $701k against liabilities of $128k, net assets of $573k.