Millsboro Fire Company Inc

Analysis

Millsboro Fire Company Inc is a registered charity in United States, based in Millsboro, DE. It received its IRS tax-exemption ruling in December 2014, 12 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, Millsboro Fire Company Inc reported income of $3.5m and spending of $3.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.5m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 78% 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, Millsboro Fire Company Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within DE. Charities of a similar size with the same main cause include Abingdon Volunteer Fire and Rescue Incorporated ($3.5m), Los Angeles Fire Department Foundation ($3.5m) and Leicester Volunteer Fire Department Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 33% of the total. Other salaries and wages came to $1.1m. It paid $15k in professional fundraising fees. At year end it held assets of $9.9m against liabilities of $164k, net assets of $9.8m. It reported 47 employees.