Gillett Volunteer Fire Department

Analysis

Gillett Volunteer Fire Department is a registered charity in United States, based in Gillett, TX. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, Gillett Volunteer Fire Department reported income of $495k and spending of $36k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $495k (+428%), an average of +428% a year. The sharpest change came in the year to December 2023, when income rose by 428%. Over the whole period it spent 11% 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, Gillett Volunteer Fire Department sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Greenbackville Volunteer Fire Department Incorporated ($495k), Iaff Local 1605 Foundation Inc ($496k) and Corolla Fire and Rescue Squad Inc ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.