Sharpsburg Vol Fire Co Inc Equipment Fund

Analysis

Sharpsburg Vol Fire Co Inc Equipment Fund is a registered charity in United States, based in Sharpsburg, MD. It received its IRS tax-exemption ruling in November 2009, 17 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 2024, Sharpsburg Vol Fire Co Inc Equipment Fund reported income of $564k and spending of $390k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income grew from $310k to $564k (+82%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 50% 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, Sharpsburg Vol Fire Co Inc Equipment Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Newportville Fire Company No 1 ($564k), Center Square Fire Co ($564k) and Lakeland Volunteer Fire Department ($562k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.