Gorman Volunteer Fire Dept

Analysis

Gorman Volunteer Fire Dept is a registered charity in United States, based in Oakland, MD. It received its IRS tax-exemption ruling in May 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, Gorman Volunteer Fire Dept reported income of $182k and spending of $233k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $164k to $182k (+11%), an average of +2.6% a year. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gorman Volunteer Fire Dept 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 Little League Baseball Inc ($182k), Alfred Housing Committee Inc ($182k) and Honor Flight Long Island Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $513k against liabilities of $0, net assets of $513k.