Newburg Volunteer Rescue Squad and Fire Department Inc

Analysis

Newburg Volunteer Rescue Squad and Fire Department Inc is a registered charity in United States, based in Newburg, MD. It received its IRS tax-exemption ruling in February 1993, 33 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, Newburg Volunteer Rescue Squad and Fire Department Inc reported income of $901k and spending of $585k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $747k to $901k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 106% 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, Newburg Volunteer Rescue Squad and Fire Department Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include South Lynches Fire District ($900k), Twin Lakes Volunteer Fire Department and Rescue Squad ($902k) and Phoenix Police Foundation Inc ($900k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $3.5m against liabilities of $1.8m, net assets of $1.6m.