Tawakoni Volunteer Fire Department

Analysis

Tawakoni Volunteer Fire Department is a registered charity in United States, based in West Tawakoni, TX. It received its IRS tax-exemption ruling in May 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Tawakoni Volunteer Fire Department reported income of $114k and spending of $111k, spending 97% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $141k to $114k (-19%), an average of -19% a year. The sharpest change came in the year to September 2023, when income dropped by 19%. Over the whole period it spent 68% 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, Tawakoni Volunteer Fire Department sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Lock Arms for Life ($114k), East Rockaway Fire Department ($114k) and Imler Area Volunteer Fire Company ($114k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 80% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.