Hacks Point Fire Company Inc

Analysis

Hacks Point Fire Company Inc is a registered charity in United States, based in Earleville, MD. It received its IRS tax-exemption ruling in April 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 December 2023, Hacks Point Fire Company Inc reported income of $331k and spending of $338k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $438k to $331k (-24%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income dropped by 48%. Over the whole period it spent 71% 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, Hacks Point Fire Company Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Exeter Volunteer Fire Department ($331k), Friends of the Plandome Fire Department Inc ($332k) and College Mound Volunteer Fire Department ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 7.7% of the total. At year end it held assets of $2.1m against liabilities of $697, net assets of $2.1m.