Bel Air Volunteer Fire Company Inc

Analysis

Bel Air Volunteer Fire Company Inc is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in January 1987, 39 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 2023, Bel Air Volunteer Fire Company Inc reported income of $5.2m and spending of $4.4m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.3m to $5.2m (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bel Air Volunteer Fire Company Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Windsor Independent Living Association Inc ($5.2m), Possabilities of Southern Minnesota Inc ($5.2m) and Mendocino Food and Nutrition Program ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 19% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $38.9m against liabilities of $62k, net assets of $38.8m. It reported 40 employees.