Woodsboro Volunteer Fire Company

Analysis

Woodsboro Volunteer Fire Company is a registered charity in United States, based in Woodsboro, MD. It received its IRS tax-exemption ruling in May 2024, 2 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Woodsboro Volunteer Fire Company reported income of $176k and spending of $188k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $161k to $176k (+9.2%), an average of +3.0% a year. Over the whole period it spent 114% 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, Woodsboro Volunteer Fire Company sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include El Dorado County Search and Rescue Council Inc ($176k), Ventura Sheriff K9 Foundation ($176k) and Arizona Crisis Team Inc ($176k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 16% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.