Clearspring Volunteer Fire Company Incorporated

Analysis

Clearspring Volunteer Fire Company Incorporated is a registered charity in United States, based in Clear Spring, MD. It received its IRS tax-exemption ruling in March 1978, 48 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, Clearspring Volunteer Fire Company Incorporated reported income of $600k and spending of $678k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $723k to $600k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 88% 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, Clearspring Volunteer Fire Company Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Longmeadow Volunteer Fire Company Inc ($600k), Iola and Rural Fire Department and Ambulance Service Inc ($601k) and Northport Volunteer Fire Departmenttransportation Equipment and Activ ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $106k. At year end it held assets of $3.0m against liabilities of $715k, net assets of $2.3m. It reported 22 employees.