The Mount Airy Volunteer Fire Company

Analysis

The Mount Airy Volunteer Fire Company is a registered charity in United States, based in Mount Airy, MD. It received its IRS tax-exemption ruling in March 1990, 36 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 June 2024, The Mount Airy Volunteer Fire Company reported income of $1.4m and spending of $1.1m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.2m to $1.4m (-36%), an average of -11% a year. The sharpest change came in the year to June 2024, when income dropped by 37%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Mount Airy Volunteer Fire Company 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 82nd percentile within MD. Charities of a similar size with the same main cause include Harmony School Corporation ($1.4m), Lutheran Camping Corporation of Central Pennsylvania ($1.4m) and I B H Foundation Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 6.9% of the total. Other salaries and wages came to $39k. At year end it held assets of $3.1m against liabilities of $737k, net assets of $2.3m. It reported 26 employees.