Richards Volunteer Fire Dept

Analysis

Richards Volunteer Fire Dept is a registered charity in United States, based in Richards, TX. It received its IRS tax-exemption ruling in April 2016, 10 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, Richards Volunteer Fire Dept reported income of $122k and spending of $88k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $122k (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 76% 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, Richards Volunteer Fire Dept sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Woodstock Fire Company No 5 Emergency Rescue Squad Inc ($122k), Norwalk Community Benefit Fund Inc ($122k) and Engelhard Volunteer Fire Department Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $175k against liabilities of $0, net assets of $175k.