Chesapeake Beach Volunteer Fire and Rescue Department Inc

Analysis

Chesapeake Beach Volunteer Fire and Rescue Department Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in November 2023, 3 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, Chesapeake Beach Volunteer Fire and Rescue Department Inc reported income of $190k and spending of $222k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $371k to $190k (-49%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 345%. Over the whole period it spent 77% 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, Chesapeake Beach Volunteer Fire and Rescue Department Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Pine Township Engine Company Inc ($190k), Volunteer Fire Services Inc ($190k) and Waterloo Volunteer Fire and Rescue Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $966k against liabilities of $82k, net assets of $885k.