Cobb Island Volunteer Fire Department & Ems Incorporated

Analysis

Cobb Island Volunteer Fire Department & Ems Incorporated is a registered charity in United States, based in Cobb Island, MD. It received its IRS tax-exemption ruling in September 2014, 12 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, Cobb Island Volunteer Fire Department & Ems Incorporated reported income of $773k and spending of $350k, leaving 55% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $706k to $773k (+9.5%), an average of +3.1% a year. Over the whole period it spent 47% 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, Cobb Island Volunteer Fire Department & Ems Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Round Mountain Volunteer Fire Department Inc ($773k), GMR Foundation ($773k) and Riverside County Deputy Sheriff Relief Foundation Inc ($770k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $5.7m against liabilities of $1.0m, net assets of $4.7m.