Silver Hill Volunteer Fire Department and Rescue Squad Inc

Analysis

Silver Hill Volunteer Fire Department and Rescue Squad Inc is a registered charity in United States, based in Suitland, MD. It received its IRS tax-exemption ruling in January 1988, 38 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Silver Hill Volunteer Fire Department and Rescue Squad Inc reported income of $602k and spending of $703k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $602k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 147%. Over the whole period it spent 114% 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, Silver Hill Volunteer Fire Department and Rescue Squad Inc sits at the 86th percentile: it is larger than about 86% 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 Iola and Rural Fire Department and Ambulance Service Inc ($601k), Newton Abbot Fire Company Inc ($602k) and Clearspring Volunteer Fire Company Incorporated ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $438k against liabilities of $55k, net assets of $383k.