Matagorda Volunteer Fire Deparment

Analysis

Matagorda Volunteer Fire Deparment is a registered charity in United States, based in Matagorda, TX. It received its IRS tax-exemption ruling in July 1994, 32 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, Matagorda Volunteer Fire Deparment reported income of $278k and spending of $181k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $278k (+133%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 62% 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, Matagorda Volunteer Fire Deparment sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Springville Volunteer Fire Company ($277k), East Side Volunteer Fire Department Incorporated ($278k) and Republic Beverage Company Relief Fu ND ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 3.7% of the total. At year end it held assets of $500k against liabilities of $64k, net assets of $437k.