Magnolia Beach Volunteer Fire Department

Analysis

Magnolia Beach Volunteer Fire Department is a registered charity in United States, based in Port Lavaca, TX. It received its IRS tax-exemption ruling in August 2017, 9 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 2022, Magnolia Beach Volunteer Fire Department reported income of $88k and spending of $20k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $67k to $88k (+32%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 33% 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, Magnolia Beach Volunteer Fire Department sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Wardensville Rescue Squad ($88k), Camp Volunteer Fire Dept ($88k) and Montague Volunteer Fire Department ($88k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 71% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.