Hampstead Volunteer Fire Engine and Hose Company-1

Analysis

Hampstead Volunteer Fire Engine and Hose Company-1 is a registered charity in United States, based in Hampstead, MD. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hampstead Volunteer Fire Engine and Hose Company-1 reported income of $3.0m and spending of $1.3m, leaving 57% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $3.0m (+160%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 54%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hampstead Volunteer Fire Engine and Hose Company-1 sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include MVP Medical Practice PC ($3.0m), Military Support Foundation ($3.0m) and The Maryland Center at Bowie State University Inc ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 35% of the total. Other salaries and wages came to $632k. At year end it held assets of $15.3m against liabilities of $8.3m, net assets of $7.0m. It reported 25 employees.