Liberty Road Volunteer Fire Co Inc

Analysis

Liberty Road Volunteer Fire Co Inc is a registered charity in United States, based in Randallstown, MD. It received its IRS tax-exemption ruling in February 2012, 14 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, Liberty Road Volunteer Fire Co Inc reported income of $246k and spending of $170k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $246k (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 71% 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, Liberty Road Volunteer Fire Co Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Townsend Area Volunteer Fire Department ($246k), Mahoning Valley Volunteer Fire Company No 1 ($246k) and Ohio Valley Volunteer Fire Department Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.9m against liabilities of $176k, net assets of $1.8m. It reported 7 employees.