Providence Volunteer Fire Company

Analysis

Providence Volunteer Fire Company is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in December 2009, 17 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, Providence Volunteer Fire Company reported income of $458k and spending of $447k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $458k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 92% 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, Providence Volunteer Fire Company sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Grimesland Volunteer Fire Department Inc ($457k), Eastern Berks Fire Department ($458k) and Upper Arkansas Valley Wildfire Foundation ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $2.8m against liabilities of $829k, net assets of $2.0m.