Maryland City Volunteer Fire Department and Rescue Squad Inc

Analysis

Maryland City Volunteer Fire Department and Rescue Squad Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in December 2016, 10 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 December 2023, Maryland City Volunteer Fire Department and Rescue Squad Inc reported income of $64k and spending of $113k, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $64k (-73%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 51% 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, Maryland City Volunteer Fire Department and Rescue Squad Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include Charlie Riley Community Service Scholarship Foundation Inc ($64k), Dewitt Fire Dept Inc ($64k) and Myrtle Creek Volunteer Firemans Association ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $716k against liabilities of $2,534, net assets of $713k.