The Firemens Fund of the Gaithersburg-Wa Grove Fire Dept

Analysis

The Firemens Fund of the Gaithersburg-Wa Grove Fire Dept is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in September 2010, 16 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, The Firemens Fund of the Gaithersburg-Wa Grove Fire Dept reported income of $80k and spending of $96k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $152k to $80k (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 115%. Over the whole period it spent 119% 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, The Firemens Fund of the Gaithersburg-Wa Grove Fire Dept sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Midway VFD ($80k), Brooksville Volunteer Fire Dept Inc ($80k) and Ouachita Fire Department ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $602k against liabilities of $74k, net assets of $529k.