Hollywood Volunteer Fire Department Inc

Analysis

Hollywood Volunteer Fire Department Inc is a registered charity in United States, based in Hollywood, MD. It received its IRS tax-exemption ruling in April 1976, 50 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, Hollywood Volunteer Fire Department Inc reported income of $1.6m and spending of $1.2m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.6m (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 84% 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, Hollywood Volunteer Fire Department Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Plaquemines Community Care Centers Foundation Inc ($1.6m), McKenzie County Ambulance Service ($1.6m) and Moorefield Volunteer Fire Company ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $7.4m against liabilities of $158k, net assets of $7.2m.