Merit Volunteer Fire Dept

Analysis

Merit Volunteer Fire Dept is a registered charity in United States, based in Merit, TX. It received its IRS tax-exemption ruling in March 2002, 24 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 August 2023, Merit Volunteer Fire Dept reported income of $78k and spending of $79k, spending 102% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $104k to $78k (-25%), an average of -25% a year. The sharpest change came in the year to August 2023, when income dropped by 25%. Over the whole period it spent 120% 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, Merit Volunteer Fire Dept sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Chaffee County Search and Rescue-South ($78k), South Beaver Township Volunteer Fire Company ($78k) and Kelmann Cares Foundation Inc ($78k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $345k against liabilities of $0, net assets of $345k.