Madison Volunteer Fire Co Inc

Analysis

Madison Volunteer Fire Co Inc is a registered charity in United States, based in Madison, MD. It received its IRS tax-exemption ruling in January 1999, 27 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, Madison Volunteer Fire Co Inc reported income of $120k and spending of $83k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $139k to $120k (-14%), an average of -4.8% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 67% 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, Madison Volunteer Fire Co Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Mahantongo Valley Fire Company ($120k), Larimore Fire Protection District ($120k) and Franklin County Public Safety Training Center ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $1.3m against liabilities of $195k, net assets of $1.1m.