Elderville-Lakeport Volunteer Fire Department Inc

Analysis

Elderville-Lakeport Volunteer Fire Department Inc is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in November 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 September 2023, Elderville-Lakeport Volunteer Fire Department Inc reported income of $889k and spending of $937k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $644k to $889k (+38%), an average of +8.4% a year. The sharpest change came in the year to September 2021, when income rose by 239%. Over the whole period it spent 105% 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, Elderville-Lakeport Volunteer Fire Department Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Fire Department Mount Joy Inc ($887k), Trenton Volunteer Fire Department Inc ($889k) and Thousand Islands Emergency Rescue Service Inc ($882k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $21k (2.2% of expenses). Other salaries and wages came to $271k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.