Potomac Valley Fire Company Inc

Analysis

Potomac Valley Fire Company Inc is a registered charity in United States, based in Sharpsburg, MD. It received its IRS tax-exemption ruling in June 1992, 34 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 2023, Potomac Valley Fire Company Inc reported income of $293k and spending of $290k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $166k to $293k (+77%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 112% 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, Potomac Valley Fire Company Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Athens Township Volunteer Fire Company ($293k), El Paso County Search and Rescue Inc ($293k) and Weber City Volunteer Fire Department Inc ($293k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $6,165. At year end it held assets of $440k against liabilities of $24k, net assets of $416k. It reported 3 employees.