Colorado City Volunteer Fire Dept

Analysis

Colorado City Volunteer Fire Dept is a registered charity in United States, based in Colorado City, TX. It received its IRS tax-exemption ruling in June 2015, 11 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 November 2023, Colorado City Volunteer Fire Dept reported income of $85k and spending of $74k, spending 87% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $73k to $85k (+16%), an average of +3.9% a year. The sharpest change came in the year to November 2020, when income rose by 66%. Over the whole period it spent 90% 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, Colorado City Volunteer Fire Dept sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Central Valley Fire Company ($84k), Trafford Fire Company 1 ($85k) and Hinesburg Firefighters Association ($84k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 14% and program service revenue 70% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.