Tiki Island Volunteer Firefighters Association

Analysis

Tiki Island Volunteer Firefighters Association is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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, Tiki Island Volunteer Firefighters Association reported income of $800k and spending of $602k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $253k to $800k (+217%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tiki Island Volunteer Firefighters Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Mercy Care for the Adirondacks Inc ($800k), Louisiana Sports Hall of Fame Foundation ($800k) and Sparrow Clinical Research Institute ($800k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $31k (5.1% of expenses). Other salaries and wages came to $167k. At year end it held assets of $1.1m against liabilities of $610k, net assets of $486k. It reported 11 employees.