Walkersville Volunteer Fire Company Inc

Analysis

Walkersville Volunteer Fire Company Inc is a registered charity in United States, based in Walkersville, MD. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Walkersville Volunteer Fire Company Inc reported income of $764k and spending of $571k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $412k to $764k (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 111%. Over the whole period it spent 87% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Walkersville Volunteer Fire Company Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Appomattox County Rescue Squad Inc ($764k), National Association to Protect Children-Education Fund Inc ($764k) and Aurora Emergency Rescue Inc ($763k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $2.8m against liabilities of $667k, net assets of $2.1m.