Mt Savage Volunteer Fire Company

Analysis

Mt Savage Volunteer Fire Company is a registered charity in United States, based in Mount Savage, MD. It received its IRS tax-exemption ruling in June 2022, 4 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 2022, Mt Savage Volunteer Fire Company reported income of $217k and spending of $208k, spending 96% of its income. Across the 4 years on record, from December 2018 to December 2022, income grew from $178k to $217k (+22%), an average of +6.8% a year. The sharpest change came in the year to December 2019, when income rose by 28%. Over the whole period it spent 110% 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, Mt Savage Volunteer Fire Company sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Crabtree Volunteer Fire Dept ($217k), West Hazleton Fire Hose Hook & Ladder Co-1 ($217k) and Eagle Fire Company of Oldenburg Indiana Inc ($217k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 26% of the total. At year end it held assets of $360k against liabilities of $218k, net assets of $142k.