New Midway Volunteer Fire Company

Analysis

New Midway Volunteer Fire Company is a registered charity in United States, based in New Midway, MD. It received its IRS tax-exemption ruling in December 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Midway Volunteer Fire Company reported income of $290k and spending of $265k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $239k to $290k (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 94% 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, New Midway Volunteer Fire Company sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Fire Protection District Six of Crawford County Inc ($290k), Eastern Wayne Emergency Medical Services Inc ($290k) and Partnership Effort for Theadvancement of Childrens Health Pea ($290k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% of the total. At year end it held assets of $2.1m against liabilities of $197k, net assets of $1.9m.