Wise Avenue Volunteer Fire Company Inc

Analysis

Wise Avenue Volunteer Fire Company Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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 2024, Wise Avenue Volunteer Fire Company Inc reported income of $192k and spending of $254k, spending 132% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $238k to $192k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wise Avenue Volunteer Fire Company Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Levi Wallace Foundation Inc ($192k), University Christian Ministry at Northwestern University ($192k) and Senior Citizens Center ($192k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 103% of the total. At year end it held assets of $764k against liabilities of $176k, net assets of $588k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.