Reese and Community Volunteer Fire Company

Analysis

Reese and Community Volunteer Fire Company is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in November 1991, 35 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 June 2023, Reese and Community Volunteer Fire Company reported income of $2.7m and spending of $1.8m, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.7m (+83%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 92%. Over the whole period it spent 86% 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, Reese and Community Volunteer Fire Company sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Townsend Fire Company ($2.7m), Darden Dimes Inc ($2.8m) and Youngsville Volunteer Fire Department Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 8.6% of the total. Other salaries and wages came to $705k. At year end it held assets of $6.1m against liabilities of $140k, net assets of $6.0m. It reported 24 employees.