Frostburg Fire Department No 1 Inc

Analysis

Frostburg Fire Department No 1 Inc is a registered charity in United States, based in Frostburg, MD. It received its IRS tax-exemption ruling in April 2014, 12 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, Frostburg Fire Department No 1 Inc reported income of $822k and spending of $186k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $822k (+84%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 45% 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, Frostburg Fire Department No 1 Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include United Communities Vol Fire Dept Incorporated Romancoke ($821k), Winnabow Volunteer Fire Department Inc ($823k) and Cumberland Road Volunteer Fire Department Inc ($820k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $13k (7.1% of expenses). At year end it held assets of $10.4m against liabilities of $165k, net assets of $10.3m.