Kensington Volunteer Fire Department Inc

Analysis

Kensington Volunteer Fire Department Inc is a registered charity in United States, based in Kensington, MD. It received its IRS tax-exemption ruling in July 1980, 46 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, Kensington Volunteer Fire Department Inc reported income of $622k and spending of $840k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $678k to $622k (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kensington Volunteer Fire Department 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 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Mar Vista School Enrichment Group ($622k), National Origanization of Black County Officials Inc ($622k) and International Education Programs Incorporated ($622k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Other salaries and wages came to $25k. At year end it held assets of $9.6m against liabilities of $302k, net assets of $9.3m. It reported 1 employees.