Fairmount Volunteer Fire Company Inc

Analysis

Fairmount Volunteer Fire Company Inc is a registered charity in United States, based in Upper Fairmt, MD. It received its IRS tax-exemption ruling in October 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, Fairmount Volunteer Fire Company Inc reported income of $133k and spending of $162k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $133k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 129% 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, Fairmount Volunteer Fire Company Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within MD. Charities of a similar size with the same main cause include Rush Fire Department Inc ($133k), Newburg Volunteer Fire Department ($133k) and Shelby Volunteer Fire Department ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $421k against liabilities of $130k, net assets of $290k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.