Maugansville Goodwill Volunteer Fire Company

Analysis

Maugansville Goodwill Volunteer Fire Company is a registered charity in United States, based in Maugansville, MD. It received its IRS tax-exemption ruling in September 1993, 33 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, Maugansville Goodwill Volunteer Fire Company reported income of $637k and spending of $496k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $477k to $637k (+33%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 75% 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, Maugansville Goodwill Volunteer Fire Company sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Enterprise Fire Company No 1 of Phoenix Ny ($635k), Stanley Hose Company Inc ($637k) and Pine Level Volunteer Fire Dept Inc ($635k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 3.5% of the total. Other salaries and wages came to $96k. At year end it held assets of $2.4m against liabilities of $3,136, net assets of $2.4m. It reported 9 employees.