Wolfsville Volunteer Fire Company Inc

Analysis

Wolfsville Volunteer Fire Company Inc is a registered charity in United States, based in Myersville, MD. It received its IRS tax-exemption ruling in December 1990, 36 years ago. 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, Wolfsville Volunteer Fire Company Inc reported income of $182k and spending of $142k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $223k to $182k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wolfsville Volunteer Fire Company Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($182k), Denver Rotary Club Foundation ($182k) and Florence Bessmer Foundation ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $898k against liabilities of $38k, net assets of $860k.