Morgan Mill Volunteer Fire Department Inc

Analysis

Morgan Mill Volunteer Fire Department Inc is a registered charity in United States, based in Morgan Mill, TX. It received its IRS tax-exemption ruling in February 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morgan Mill Volunteer Fire Department Inc reported income of $337k and spending of $170k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $337k (+209%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 165%. Over the whole period it spent 69% 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, Morgan Mill Volunteer Fire Department Inc 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 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include East Prospect Fire Company Number 1 ($336k), Blacksburg Volunteer Fire Department ($337k) and New Cumberland Fire Department ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. It paid $250 in professional fundraising fees. At year end it held assets of $713k against liabilities of $0, net assets of $713k.