Fallston Volunteer Fire and Ambulance Co Inc

Analysis

Fallston Volunteer Fire and Ambulance Co Inc is a registered charity in United States, based in Fallston, MD. It received its IRS tax-exemption ruling in March 2016, 10 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, Fallston Volunteer Fire and Ambulance Co Inc reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 98% 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, Fallston Volunteer Fire and Ambulance Co Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Cotton Volunteer Fire Department Inc ($1.4m), Jupiter Volunteer Fire Department ($1.4m) and Huntingtown Volunteer Fire Department Rescue Squad ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 24% of the total. At year end it held assets of $4.9m against liabilities of $835k, net assets of $4.1m.