Iowa Colony Volunteer Fire Dept Inc

Analysis

Iowa Colony Volunteer Fire Dept Inc is a registered charity in United States, based in Rosharon, TX. It received its IRS tax-exemption ruling in January 2014, 12 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, Iowa Colony Volunteer Fire Dept Inc reported income of $164k and spending of $218k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $249k to $164k (-34%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 72% 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, Iowa Colony Volunteer Fire Dept Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include The Ouray Mountain Rescue Team Inc ($164k), Boro Park Shomrim Inc ($164k) and Port Allegany Fire Department-Star Hose Company No 1 Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 18% of the total. At year end it held assets of $371k against liabilities of $61k, net assets of $309k.