Fire Museum of Maryland Inc

Analysis

Fire Museum of Maryland Inc is a registered charity in United States, based in Lutherville, MD. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Fire Museum of Maryland Inc reported income of $474k and spending of $473k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $474k (+1.4%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 226%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fire Museum of Maryland Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Sorg Opera Revitalization Group LLC ($474k), Laurel Arts ($474k) and Not an Alternative Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 18% of the total. Other salaries and wages came to $176k. At year end it held assets of $3.8m against liabilities of $691k, net assets of $3.1m. It reported 17 employees.