Savage Volunteer Fire Company Inc

Analysis

Savage Volunteer Fire Company Inc is a registered charity in United States, based in Savage, MD. It received its IRS tax-exemption ruling in January 2017, 9 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, Savage Volunteer Fire Company Inc reported income of $572k and spending of $201k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $743k to $572k (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2023, when income rose by 97%. Over the whole period it spent 95% 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, Savage Volunteer Fire Company Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Rocky Point Volunteer Fire Department Inc ($572k), Rockfish Fire Department Inc ($573k) and Belfast Volunteer Fire Fighters Inc ($572k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $3.1m against liabilities of $1.7m, net assets of $1.4m.