Fairchild Volunteer Fire Department Inc

Analysis

Fairchild Volunteer Fire Department Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Fairchild Volunteer Fire Department Inc reported income of $98k and spending of $80k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $166k to $98k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 157%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fairchild Volunteer Fire Department Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Elijah Ministries Inc ($98k), Sencar ($98k) and PTA Texas Congress ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $663k against liabilities of $41k, net assets of $622k.