Ridgely Volunteer Fire Department Inc

Analysis

Ridgely Volunteer Fire Department Inc is a registered charity in United States, based in Ridgely, MD. It received its IRS tax-exemption ruling in January 1998, 28 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2023, Ridgely Volunteer Fire Department Inc reported income of $480k and spending of $247k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $432k to $480k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 585%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ridgely Volunteer Fire Department Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Coalition of Free Men Inc ($480k), PTA Texas Congress ($480k) and Children of the Rising Sun Empowerment Center ($480k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $5.5m against liabilities of $1.5m, net assets of $4.0m.