Damon Volunteer Fire Department

Analysis

Damon Volunteer Fire Department is a registered charity in United States, based in Damon, TX. It received its IRS tax-exemption ruling in February 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 September 2023, Damon Volunteer Fire Department reported income of $146k and spending of $166k, spending 114% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $114k to $146k (+28%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 84% 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, Damon Volunteer Fire Department sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include North Massapequa Fire Department ($146k), Pine Hill Fire Department Inc ($146k) and Belvoir Volunteer Fire Department Inc ($146k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.