Fredrica Volunteer Fire Company

Analysis

Fredrica Volunteer Fire Company is a registered charity in United States, based in Frederica, DE. It received its IRS tax-exemption ruling in June 1991, 35 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, Fredrica Volunteer Fire Company reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $853k to $1.2m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fredrica Volunteer Fire Company sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within DE. Charities of a similar size with the same main cause include Evangelical Lutheran Church in America ($1.2m), Progress Center for Independent Living ($1.2m) and Siskiyou Land Trust ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. Other salaries and wages came to $302k. At year end it held assets of $4.5m against liabilities of $7,115, net assets of $4.5m. It reported 31 employees.