Marydel Volunteer Fire Co Inc

Analysis

Marydel Volunteer Fire Co Inc is a registered charity in United States, based in Marydel, DE. It received its IRS tax-exemption ruling in July 1983, 43 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 June 2023, Marydel Volunteer Fire Co Inc reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $953k to $1.5m (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 91% 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, Marydel Volunteer Fire Co Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within DE. Charities of a similar size with the same main cause include Midway Fire & Rescue Department Inc ($1.4m), Ukraine Freedom Fund ($1.5m) and Swepsonville Volunteer Fire Department ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $6,819 (0.5% of expenses). Other salaries and wages came to $345k. At year end it held assets of $3.7m against liabilities of $1.5m, net assets of $2.2m. It reported 33 employees.