Lometa Volunteer Fire Dept

Analysis

Lometa Volunteer Fire Dept is a registered charity in United States, based in Lometa, TX. It received its IRS tax-exemption ruling in July 2007, 19 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 September 2024, Lometa Volunteer Fire Dept reported income of $147k and spending of $54k, leaving 63% of income unspent that year. Across the 2 years on record, from September 2023 to September 2024, income fell from $450k to $147k (-67%), an average of -67% a year. The sharpest change came in the year to September 2024, when income dropped by 67%. Over the whole period it spent 15% 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, Lometa Volunteer Fire Dept sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include California Volunteer Fire Dept ($147k), Bloomingdale Volunteer Fire Company Inc ($147k) and Crawford Volunteer Fire Dept Inc ($147k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.