Silver Spring Volunteer Fire Dept Inc

Analysis

Silver Spring Volunteer Fire Dept Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Silver Spring Volunteer Fire Dept Inc reported income of $467k and spending of $456k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $588k to $467k (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Silver Spring Volunteer Fire Dept Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Las Vegas Aces Foundation ($466k), Boselli Foundation ($467k) and Frederic Cornell Kohler Char TR ($466k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $9.5m against liabilities of $116k, net assets of $9.4m.