Essex Volunteer Fire Company Inc

Analysis

Essex Volunteer Fire Company Inc is a registered charity in United States, based in Essex, MD. It received its IRS tax-exemption ruling in June 1991, 35 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, Essex Volunteer Fire Company Inc reported income of $625k and spending of $474k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $625k (+164%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Essex Volunteer Fire Company Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Blaine County Charitable Fund Inc ($625k), McKee Manor Inc ($625k) and Library Square School Association ($625k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $133k. At year end it held assets of $1.1m against liabilities of $241k, net assets of $872k. It reported 15 employees.