South Hagerstown Fire Company Inc

Analysis

South Hagerstown Fire Company Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in January 1995, 31 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, South Hagerstown Fire Company Inc reported income of $163k and spending of $61k, leaving 62% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $71k to $163k (+130%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 53% 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, South Hagerstown Fire Company Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Clements Fire Department Inc ($163k), Quinwood Community Vol Fire Dept Inc ($163k) and Volunteer Firemen of Magnolia Inc ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.