Parsonsburg Fire Co Inc

Analysis

Parsonsburg Fire Co Inc is a registered charity in United States, based in Parsonsburg, MD. It received its IRS tax-exemption ruling in November 1980, 46 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, Parsonsburg Fire Co Inc reported income of $974k and spending of $941k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $660k to $974k (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 85%. 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, Parsonsburg Fire Co Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Warwick Township Fire Company No 1 ($973k), Hereford Volunteer Fire Company Inc ($974k) and East Petersburg Fire Co 1 ($971k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 17% of the total. Other salaries and wages came to $239k. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m. It reported 20 employees.