Gumboro Volunteer Fire Co

Analysis

Gumboro Volunteer Fire Co is a registered charity in United States, based in Millsboro, DE. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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, Gumboro Volunteer Fire Co reported income of $1.4m and spending of $1.1m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gumboro Volunteer Fire Co sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within DE. Charities of a similar size with the same main cause include Bible Helps ($1.4m), Community Action for Better Housing Inc ($1.4m) and The North American Foundation for the University of Leeds Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.0% of the total. Other salaries and wages came to $414k. At year end it held assets of $5.4m against liabilities of $2.2m, net assets of $3.1m. It reported 38 employees.