Cypress Lakes Volunteer Fire Department

Analysis

Cypress Lakes Volunteer Fire Department is a registered charity in United States, based in Cleveland, TX. It received its IRS tax-exemption ruling in April 2002, 24 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 June 2023, Cypress Lakes Volunteer Fire Department reported income of $62k and spending of $84k, spending 135% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $58k to $62k (+6.3%), an average of +6.3% a year. Over the whole period it spent 134% 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, Cypress Lakes Volunteer Fire Department sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Austonio Volunteer Fire Department ($62k), Williamson Fire Company No 1 ($62k) and Hollow Creek Voluntary Fire Department ($62k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $377k against liabilities of $311k, net assets of $67k.