The Sharptown Volunteer Fire Dept

Analysis

The Sharptown Volunteer Fire Dept is a registered charity in United States, based in Sharptown, MD. It received its IRS tax-exemption ruling in December 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Sharptown Volunteer Fire Dept reported income of $1.8m and spending of $563k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $835k to $1.8m (+120%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Sharptown Volunteer Fire Dept sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Paducah Symphony Orchestra Inc ($1.8m), American Indian Changing Spirits ($1.8m) and Mobile Area Education Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $153k. At year end it held assets of $9.2m against liabilities of $4,529, net assets of $9.2m. It reported 11 employees.