Sykesville Freedom District Fire Dept Inc

Analysis

Sykesville Freedom District Fire Dept Inc is a registered charity in United States, based in Sykesville, MD. It received its IRS tax-exemption ruling in September 1982, 44 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, Sykesville Freedom District Fire Dept Inc reported income of $1.2m and spending of $913k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.7m to $1.2m (-56%), an average of -19% a year. The sharpest change came in the year to June 2024, when income dropped by 57%. Over the whole period it spent 86% 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, Sykesville Freedom District Fire Dept Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Harmonville Fire Company No 1 ($1.2m), Academy of Medical and Public Health Services ($1.2m) and Backcountry Discovery Routes ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% of the total. At year end it held assets of $9.9m against liabilities of $3.2m, net assets of $6.7m.