Newmarket District Fire Co

Analysis

Newmarket District Fire Co is a registered charity in United States, based in New Market, MD. It received its IRS tax-exemption ruling in June 2021, 5 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, Newmarket District Fire Co reported income of $633k and spending of $609k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $548k to $633k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2022, when income dropped by 35%. Over the whole period it spent 88% 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, Newmarket District Fire Co 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 Cleveland Community Volunteer Fire Dept ($633k), Arizona Cyber Threat Response Alliance Inc ($633k) and Cass Lake Rural Volunteer Fire Association ($633k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. It paid $34k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $999k, net assets of $958k.